EGX 30 Ends At 5275 Pts Driven By Foreign Profit-Taking

The Egyptian Exchange (EGX) has ended Monday’s session posting losses of EGP 2.3 billion driven by the foreigners’ profit-taking transactions.

The capital market has reached to EGP 361.596 billion during Monday’s closing session.

The EGX indices ended Monday in red notes.

Egypt’s benchmark index EGX30 inched down by 0.48% to close at 5275.04 p; while the EGX20, it also declined by 0.64% to end at 6158.46 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 1.12% to conclude at 453.07 p.  Price index EGX100 dropped by 0.97% to finish at 755.69 p.

During Monday’s closing, the trading volume hit 92.559 million securities, less than Sunday’s 100.506 million securities, representing a decline of 7.947 thousand securities. For the traded value, it reached EGP 393.443 million, exchanged 22.018 thousand transactions.

This was after trading in 167 listed securities; 115 declined, 25 advanced; while 27 keeping their previous levels.

The non-Arab foreigners’ and Arabs turned to the profit-taking process as they were net sellers seizing 32.02% and 5.54% respectively, of the total markets, with a net equity of EGP 28.810 million and EGP 3.433 million excluding the deals.

Meanwhile, Egyptians were net buyers seizing 62.44% of the total markets, with a net equity of EGP 32.243 million, excluding the deals.