Cairo bourse opens week with modest losses, drops 0.32%

Cairo bourse started the week with modest losses estimated at 198 million Egyptian pounds on Arab selling pressures.

The market capitalisation reached 418.442 billion pounds during the closing session of Sunday.

Indices:

Egypt’s main index, EGX30 dropped by 0.32 percent to 8351.07 points.

The EGX50 EWI index went up by 0.60 percent to 1429.65 points.

EGX20 dropped by 0.01 percent to 8531.47 points.

In addition, the mid- and small-cap index EGX70 rose by 0.65 percent to 365.75 points. The price index, EGX100 increased by 0.23 percent to 808.52 points.

Turnovers up

On Sunday, the bourse’s trading volume recorded 287.107 million securities, with turnovers closed at 1.5 billion pounds, exchanged through 19,221 thousand transactions.

Also during the closing session, 176 listed securities have been traded in; 55 declined, 78 advanced; while 41 kept their previous levels.

Investors’ Activities

Local and foreign investors were net buyers on Sunday seizing 94.51 percent and 3.67 percent respectively of the total markets, with a net equity of 1.313 million pounds and 1.936 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net sellers getting 1.83 percent of the total market, with a net equity of 3.250 million pounds, excluding the deals.