EGX 30 Ends Sunday Below 5580 Pts On Political Turbulence

The Egyptian Exchange (EGX) has ended Sunday’s closing session incurring losses of EGP 2.6 billion driven by local and Arab selling pressures due to the country’s current political turbulence amid civil disobedience calls. The capital market has reached to EGP 378.378 billion.

The EGX indices ended in red.

Egypt’s benchmark index EGX 30 ended Sunday’s session on a red note as it edged down by 0.84% to close at 5579.82 p; while EGX20 tumbled by 1.01% to end at 6461.59 p.

Meanwhile, the mid- and small-cap index, the EGX70 went down by 0.51% to conclude at 474.03 pts.  Price index EGX100 fell by 0.63% to finish at 802.27 p.

During Sunday’s closing, the trading volume hit 73.391 million securities, higher than Thursday’s  68.492 million securities, representing an increase 4.899 securities. For the traded value, it reached EGP 233.420 million, exchanged 16.115 thousand transactions.

This was after trading in 177 listed securities; 124 declined, 28 advanced; while 25 keeping their previous levels.

Egyptians and Arabs’ selling pressures have driven to EGX’s closing losses as they were net sellers seizing 91.79% and 1.96% respectively, of the total markets, with a net equity of EGP 18.538 million and EGP 2.428 million excluding the deals.

Meanwhile, the non-Arab foreigners were net buyers seizing 6.26% of the total markets, with a net equity of EGP 20.967 million excluding the deals.