EGX 30 Opens Week 0.05% Lower On Local, Arab Sellers

The Egyptian Exchange (EGX) has opened this week posting losses of EGP 328 million during Sunday’s opening session. The capital market has amounted to EGP 387.648 billion, according to data compiled by Amwal Al Ghad at 11:20 a.m. Cairo time (09:20 GMT).

The EGX indices opened in red except for the EGX20 which remained with no change at 6643.77 p.

The main index, EGX30 fell by 0.05% to 5751.49 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched down by 0.60% to 492.88 p.  Price index EGX100 dropped by 0.36% to 829.11 p.

This was after trading in 108 listed securities; 60 declined, 18 advanced; while 30 keeping their previous levels.

During the opening session, the trading volume has reached 11.845 million securities worth EGP 57.844 million, exchanged 2.979 thousand transactions.

EGX’s opening losses were driven Egyptians and Arabs’ selling pressures as they were net sellers seizing  65.75% and 9.39% respectively, of the total markets, with a net equity of EGP 13.812 million and EGP 423.442 thousand excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 28.87% of the total markets, with a net equity of EGP 14.235 million excluding the deals.