EGX 30 Falls Below 5085 Pts On Local, Arab Sellers; Midday

The Egyptian Exchange has incurred losses of EGP 1.15 billion during Monday’s midday session driven by local and Arab selling pressures.

The capital market has amounted to EGP 353.802 billion, according to data compiled by Amwal Al Ghad English at 12:13 p.m. Cairo time (10:13 GMT) during Monday’s midday session.

The EGX indices were in red notes during the midday.

Benchmark EGX30 inched down by 0.34% to 5081.52 p; while EGX20 fell by 0.61% to 5820.9 p.

Meanwhile, the mid- and small-cap index, the EGX70 dipped by 0.17% to 440.73 p.  Price index EGX100 dropped by 0.11% to 736.52 p.

During Monday’s midday session, the trading volume has reached 28.524 million securities worth EGP 75.299 million, exchanged through 5.265 transactions.

This was after trading in 124 listed securities; 68 declined, 22 advanced; while 34 keeping their previous levels.

Egyptians and Arabs’ selling pressures have driven EGX’s opening losses as they were net sellers seizing 71.46% and 8.55% respectively, of the total markets, with a net equity of EGP 5.378 million and EGP 403.614 thousand excluding the deals.

Meanwhile, the non-Arab foreigners were net buyers seizing 19.99% of the total markets, with a net equity of EGP 5.782 million excluding the deals.