Cairo shares fall 0.44% on foreign selling pressures

Egypt’s stocks closed Monday lower weighed by foreign selling pressures. The main index, EGX30 fell 0.44 percent, to 7452.88 points.

Other indices; EGX50 EWI index picked down 0.23 percent, to 1388.85 points; while EGX20 dropped 0.33 percent, to 7620.32 points.

Mid- and small-cap index EGX70 edged up 0.19 percent, to 374.9 points. Price index, EGX100 gained 0.20 percent, to 785.57 points.

Market Caps

Market capitalisation incurred mild gains worth 300 million Egyptian pounds ($33.7 million), to record 401.449 billion pounds during the closing session of Monday.

Turnovers remain low

The bourse’s trading volume hit 126.509 million securities, with turnovers, closing at 872.658 pounds, exchanged through 15,971 transactions.

Also during the closing session, 177 listed securities have been traded in, 84 declined, 44 advanced; while 43 kept their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net sellers controlling 2.82 and 6.48 percent respectively of the total markets, with a net equity of 15.722 million pounds and 34.440 million pounds, respectively, excluding the deals.

On the contrary, local investors were net buyers capturing 90.69 percent of the total market, with a net equity of 50.162 million pounds, excluding the deals.