EGX 30 Tumbles 0.7% at Open on Profit-taking

Egypt’s stocks opened lower on Monday incurring losses worth 1.8 billion Egyptian pounds amid foreign profit-takers. In return, the main stock index, EGX30 fell below 8190 points at early trading.

The Egyptian Exchange indices were wavering on red notes during the opening session of Monday.

The Benchmark EGX30 fell by 0.70% to 8189.92, and EGX20 dropped by 0.82% to 9810.92 p.

Meanwhile, the mid- and small-cap index, the EGX70 went down by 0.21% to 609.93 p.

Furthermore, market capitalization reached EGP 477.902 billion, according to data compiled by Amwal Al Ghad English at 11:29 a.m. Cairo time (09:29 GMT).

Trading Volumes & Values

The trading volume has recorded 61.934 million securities worth EGP 186.629 million, exchanged through 5839 transactions during Monday opening.

Also during the opening session, 118 listed securities have been traded in; 64 fell, 25 advanced; while 29 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers at early trade on Monday seizing 22.51% and 4.38% respectively of the total markets, with a net equity of EGP 3.166 million and EGP 2.393 million respectively, excluding the deals.

On the other hand, Egyptian investors were net buyers capturing 73.11% of the total market, with a net equity of EGP 5.560 million, excluding the deals.

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