Cairo’s bourse starts week in red notes with losses of $182.8mn

Egypt’s stock market start week lower with losses estimated at 1.624 billion Egyptian pounds ($182.8 million) despite foreign buying appetite.

The market capitalisation has recorded 405.857 billion pounds during the closing session of Sunday.

Indices

Egypt’s benchmark index, EGX30 dropped by 0.05 percent to7521.2 points.

The newly-launched EGX50 EWI index went up by 0.43 percent to 1432.81 points.

EGX20 increased by 0.13 percent to 8112.55 points.

In addition, the mid- and small-cap index EGX70 decreased by percent 0.10 to 366.87 points. The price index, EGX100 sagged by 0.29 percent 789.87 points.

Turnovers high

On Sunday, the bourse’s trading volume has hit 286.850 million securities, with turnovers closed at EGP 1.070 billion, exchanged through 26,458 thousand transactions.

Also during the closing session, 184 listed securities have been traded in; 79 declined, 58 advanced; while 36 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Sunday seizing 91.5 % and  3.63 % respectively of the total markets, with a net equity of 7.141  million  pounds and 860,025 million pounds, respectively, excluding the deals.

On the contrary, the Arab foreign investors were net  buyers getting 5.23 % of the total market, with a net equity of EGP8.001 million excluding the deals.