EGX 30 Drops 0.45%, Opens Below 5400 Pts

The Egyptian Exchange (EGX) has posted opening gains of EGP 1.2 billion, during Thursday’s session. The capital market has amounted to EGP 370.737 billion, according to data compiled by Amwal Al Ghad at 11:09 a.m. Cairo time (09:09 GMT).

The EGX indices opened in red.

The main index, EGX30 inched down by 0.45% to 5395.24 p. EGX20 dropped by 0.46% to 6227.08 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged down by 0.22% to 478.87 p.  Price index EGX100 dipped by 0.45% to 798.89 p.

This was after trading in 91 listed securities; 49 declined, 17 advanced; while 25 keeping their previous levels.

Egyptians and the non-Arab foreigners’ selling pressures have driven EGX’s opening fall as they were net sellers seizing 80.81% and 11.99% respectively, of the total markets, with a net equity of EGP 1.176 million and EGP 158.613 thousand excluding the deals.

On the other hand, Arabs’ were net sellers seizing 7.2% of the total markets, with a net equity of EGP 1.334 million excluding the deals.