EGX 30 Ends Below 5060 Pts On Local, Arab Sellers

The Egyptian Exchange (EGX) has ended the first day of April with losses of EGP 2.98 billion by Monday’s closing session driven by local and Arab selling pressures.

The capital market has reached to EGP 351.969 billion during Monday’s closing session.

The EGX indices closed in red notes on Monday.

Egypt’s benchmark index EGX30 inched down by 0.82% to close at 5057.04 p; while EGX20 pushed down by 1.21% to end at 5785.85 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.68% to conclude at 438.45 p.  Price index EGX100 dipped by 0.73% to finish at 731.95 p.

During Monday’s closing, the trading volume hit 100.507 million securities, higher than Sunday’s 85.115 million securities, representing an increase of 15.392 thousand securities. For the traded value, it reached EGP 221.257 million, exchanged 14.850 thousand transactions.

This was after trading in 157 listed securities; 103 declined, 21 advanced; while 33 keeping their previous levels.

Egyptian and Arab investors’ selling pressures have driven EGX’s closing losses as they were net sellers seizing 88.3% and 2.76% respectively, of the total markets, with a net equity of EGP 2.600 million and EGP 3.848 million excluding the deals.

Meanwhile, the non-Arab foreigners were net buyers seizing 8.95% of the total markets, with a net equity of EGP 6.449 million, excluding the deals.