EGX 30 Tumbles 0.47%, Ends Below 5235Pts On Foreign Sellers

The non-Arab foreign selling pressures have turned Egyptian Exchange (EGX)’s opening gains into losses of EGP 1.17 billion during Monday’s closing session.

The capital market has reached to EGP 362.971 billion during Monday’s closing session.

Egypt’s benchmark index EGX30 tumbled by 0.47% to close at 5231.17 p; while EGX20 inched down by 0.36% to end at 6115.49 p.

Meanwhile, the mid- and small-cap index, the EGX70 dipped by 0.74% to conclude at 455.01 pts.  Price index EGX100 dropped by 0.36% to finish at 760.53 p.

During Monday’s closing, the trading volume hit 65.300 million securities, less than Sunday’s 66.432 million securities, representing a decrease of 1.132 thousand securities. For the traded value, it reached EGP 211.555 million, exchanged 65.300 thousand transactions.

This was after trading in 163 listed securities; 107 declined, 23 advanced; while 33 keeping their previous levels.

Egyptian and Arab investors were net buyers seizing 72.23% and 3.81% respectively, of the total markets, with a net equity of EGP 21.515 million and EGP 11.184 million excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 23.96% of the total markets, with a net equity of EGP 32.699 million excluding the deals.