EGX 30 Retreats To 5690 Pts On Foreign Sellers; Monday Closing

The Egyptian Exchange (EGX) has ended Monday’s session posting losses of EGP 1.04 billion driven by foreign selling pressures due to the political unstable situation. The capital market has reached to EGP 385.261 billion during Monday’s closing.

The EGX indices ended in red.

Egypt’s benchmark index EGX 30 ended Monday on a red note as it fell by 0.08% to end at 5690.78 p; while EGX20 dipped by 0.44% to close 6640.53 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched down by 0.94% to conclude at 487.96 pts.  Price index EGX100 dropped by 0.55% to finish at 822.03 p.

During Monday’s closing, the trading volume hit  103.728 million securities worth EGP 352.341 million, exchanged 21.182 thousand transactions.

This was after trading in 176 listed securities; 120 declined, 33 advanced; while 23 keeping their previous levels.

Foreign selling pressures drove EGX’s closing losses as Arabs and the non-Arab foreigners were net sellers  seizing 4.41% and 19.73% respectively, of the total markets, with a net equity of EGP 5.918 million and EGP 6.718 million excluding the deals.

Meanwhile, Egyptians were net buyers seizing 75.86% of the total markets, with a net equity of EGP 12.637 million excluding the deals.