The Egyptian Exchange has opened this week incurring losses of EGP 122 million during Sunday’s opening driven by local selling pressures.
The capital market has amounted to EGP 358.678 billion, according to data compiled by Amwal Al Ghad English between at 11:00 a.m. Cairo time (09:00 GMT) during Sunday’s opening session.
The EGX indices opened Sunday mixed.
Benchmark EGX30 dropped by 0.13% to 5176.63 p; while EGX20 fell by 0.25% to 5946.31 p.
Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.07% to 448.07 p. Price index EGX100 rose by 0.01% to 748.64 p.
During Sunday’s opening session, the trading volume has reached 3.303 million securities worth EGP 4.622 million, exchanged 458 transactions.
This was after trading in 62 listed securities; 10 declined, 11 advanced; while 41 keeping their previous levels.
Egyptians’ selling pressures have driven EGX’s opening losses as they were net sellers seizing 89.01% of the total markets, with a net equity of EGP 319.485 thousand excluding the deals.
Meanwhile, the non-Arab foreigners and Arabs were net buyers seizing 2.85% and 8.14% respectively, of the total markets, with a net equity of EGP 122.107 thousand and EGP 197.378 thousand excluding the deals.