EGX 30 Solely Up, Hits 5702 Pts; Midday

The Egyptian Exchange has posted midday losses of EGP 64 million. The capital market has amounted to EGP 386.243 billion, according to data compiled by Amwal Al Ghad at 13:20 p.m. Cairo time (11:20 GMT) during Monday’s midday session.

The EGX indices hit red note during the midday; except for the benchmark which solely advanced.

Benchmark EGX30 rose by 0.13% to 5702.81  p; while EGX20 inched down by 0.09% to 6663.91 p.

Meanwhile, the mid- and small-cap index, the EGX70 went down by 0.45% to 490.36 p.  Price index EGX100 dipped by 0.19% to 825.02 p.

This was after trading in 160 listed securities; 97 declined, 32 advanced; while 31 keeping their previous levels.

During Monday’s midday session, the trading volume has reached 50.401 million securities worth EGP 216.426 million, exchanged 13.352 thousand transactions.

The EGX midday losses were driven by the non-Arab foreigners’ selling pressures as they were net sellers seizing 22.15% of the total markets, with a net equity of EGP 13.060 million excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers seizing 74.23% and 3.63% respectively, of the total markets, with a net equity of EGP 12.727 million and EGP 332.914 thousand excluding the deals.