EGX 30 Closes 1.41% Lower, Below 5610 Pts On Foreign Sellers

During Monday’s closing, the Egyptian Exchange (EGX) has turned its opening gains into remarkable losses of EGP 4 billion driven by the non-Arab foreign selling pressures.  The capital market has reached to EGP 374.982 billion during Wednesday’s closing.

The EGX indices closed in dark red.

The main index, EGX30 pushed down by 1.41% to end at 5608.02 p. EGX20 tumbled by 1.07 % to close at 6434.43 p.

Meanwhile, the mid- and small-cap index, the EGX70 sank by 2.15% to conclude at 456.72 pts.  Price index EGX100 inched down 1.84% to finish at 781.58 p.

During Monday’s closing, the trading volume has reached 82.690 million securities worth EGP 322.284 million, exchanged 18.521 thousand transactions.

This was after trading in 166 listed securities; 120 declined, 18 advanced; while 28 keeping their previous levels.

EGX’s closing losses were driven by the non-Arab foreigners’ selling pressures as they were net sellers seizing 23.2% of the total markets, with a net equity of EGP 11.146 million excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers seizing 72.91% and 3.88% respectively, of the total markets, with a net equity of EGP 5.958 million and EGP 5.187 million excluding the deals.