EGX 30 Ends Near 5700 Pts By 2nd Anniversary Of Mubarak Ouster

The Egyptian Exchange (EGX) has trimmed its opening losses to eventually reach EGP 231 million during Monday’s closing session. The capital market has reached to EGP 383.897 billion.

The EGX indices ended Monday’s mixed.

The main index, EGX30 tumbled by 0.33% to end at 5694.31 p. EGX20 inched down by 0.42% to close 6636.01 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.16% to conclude at 484.41 pts.  Price index EGX100 increased by 0.18% to finish at 814.65 p.

During Monday’s closing, the trading volume hit 80.532 million securities worth EGP 271.323 million, exchanged 16.038 thousand transactions.

This was after trading in 169 listed securities; 80 declined, 58 advanced; while 31 keeping their previous levels.

Local buyers have contributed to trimming EGX’s losses as they were net buyers seizing 70.02% of the total markets, with a net equity of EGP 35.370 million excluding the deals.

On the other hand, Arabs and the non-Arab foreigners were net sellers  seizing 6.49% and 23.49% respectively, of the total markets, with a net equity of EGP 7.550 million and EGP 27.819 million excluding the deals.

Thirteen Egyptian political parties and movements have announced plans to stage mass anti-government rallies on Monday to mark the second anniversary of former president Hosni Mubarak’s ouster.

Protesters on Monday plan to voice their rejection of perceived repressive measures adopted by Egypt’s Islamist-led government and what the opposition sees as persistent attempts to “crush the revolution.”

Monday’s rallies are expected to include marches on Cairo’s Tahrir Square and the Presidential Palace in the capital’s Heliopolis district. In the evening, a candlelight vigil will also be held in Tahrir Square with the ostensible aim of “mourning freedom.”