Cairo stocks plunge 5.7bn Egyptian pounds on foreign selloff

Stocks in Egypt kept Monday bearish trend losing 5.7 billion Egyptian pounds (US$727.8 million) driven by broad selloff from non-Arab foreign investors.

The market capitalisation has recorded 468.543 billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 went down 0.42 percent to 7594.05 points.

The EGX50 EWI index increase 0.23 percent to 1348.27 points.

EGX20 dipped 0.02 percent to 7543.84 points.

In addition, the mid- and small-cap index EGX70 fell 0.02 percent to 428.51 points. The price index, EGX100 edged down 0.62 percent to 895.4 points.

Turnovers above one billion pounds

On Monday, the bourse’s trading volume has registered 200.716 million securities, with turnovers ended at 1.075 billion pounds, exchanged through 19,391 thousand transactions.

Also during the closing session, 171 listed securities have been traded in; 58 declined, 69 advanced; while 34 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net sellers Monday controlling 10.51% of the total market, with a net equity of 58.994 million pounds, excluding the deals.

On the contrary, local and Arab investors were net buyers capturing 86.72% and 2.77% respectively of the total markets, with a net equity of 56.893 million pounds and 2.101 million pounds, respectively, excluding the deals.