EGX 30 Falls 0.86%, Hits 5635 Pts; Midday

During Monday’s midday session, the Egyptian Exchange (EGX) has posted losses of EGP 3.3 billion driven by local sellers. The capital market has amounted to EGP 376.186 billion, according to data compiled by Amwal Al Ghad at 12.47 p.m. Cairo time (10:47 GMT).

The EGX indices were in dark during midday session.

The main index, EGX30 fell by 0.86% to 5635.76 p. EGX20 pushed down by 1.18% to 6400.42 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped by 1.47% to 450.84 p.  Price index EGX100 sank by 1.43% to 779.72 p.

This was after trading in 151 listed securities; 114 declined, 12 advanced; while 25 keeping their previous levels.

During the midday session, the trading volume has reached 44.468 million securities worth EGP 180.790 million, exchanged 9.051 thousand transactions.

The EGX’s midday losses were driven by Egyptians’ selling pressures as they were net sellers 76.86% of the total markets, with a net equity of EGP 12.998 million excluding the deals.

Meanwhile, Arabs and the non-Arab foreigners were net buyers seizing 4.62% and 18.52% respectively, of the total markets, with a net equity of EGP 11.436 million and EGP 1.562 million excluding the deals.