EGX 30 Starts Week Below 5810 Pts On Egyptian Selling Pressures

By Yomna Yasser On Sep 23, 2012

During Sunday opening session, the Egyptian Exchange (EGX) has it posted early losses of EGP 79 million as the capital market has amounted to EGP 404.581 billion, according to data compiled by Amwal Al Ghad at 11:10 a.m. Cairo time (09:10 GMT).

EGX indices opened in red except for the EGX70.

The main index, EGX30 inched lower by 0.42% to hit 5803.16 p. EGX20 declined by 0.51% to reach 6835.83 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.05% to hit 553.79 pts. Price index EGX100 tumbled by 0.15% to reach 913.32 p.

Traded volume reached 16.800 million securities worth EGP 63.911 million, exchanged through 3.611 thousand transactions.

This was after trading in 117 listed securities; 61 declined 38 advanced while 18 keeping their previous levels.

The early losses were backed by the fact that Egyptians were net sellers seizing 92.86% of the total markets, with a net equity of EGP 1.402 million excluding the deals.

On the other hand, non-Arab Foreigners and Arabs were net buyers seizing 3.42% and 3.73% respectively, of the total markets, with a net equity of EGP 662.293 thousand and EGP 739.802 thousand excluding the deals.