EGX Loses EGP 1.75 On Foreign Selling Pressures; Midday

On Monday’s midday session, the EGX extended its early losses to reach EGP 1.75 billion as the capital market has amounted to EGP 357.637 billion at 10:48 GMT (12:48 p.m in Cairo).

The main index, EGX30 slumped 0.58% to close at 5053.56 p. EGX20 inched lower 0.88% to close at 5879.76 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell 0.62% to close at 435.64 p. Price index EGX100 edged down 0.49% to close at 791.87 p.

Traded volume reached 45.298 million securities worth EGP 203.810 million, exchanged through 9.640 thousand transactions.

This was after trading in 146 listed securities; 108 declined and 24 advanced while 14 keeping their previous levels.

Egyptians were net buyers seizing 73.39% of the total markets, with a net equity of EGP 59.184 million, excluding the deals.

On the other hand, non-Arab Foreigners and Arabs were net sellers seizing 21.53% and 5.09% respectively,   with a net equity of EGP 55.321 million and EGP 3.862 million, excluding the deals.

EGX’s leading shares have witnessed steeply downwards led by EFG-Hermes Holding (HRHO) which dived 3.64% to hit EGP 12.69.

Commercial International Bank- Egypt (COMI) also edged down  0.04% to reach EGP 26.25. Orascom Construction Industries (OCIC) slumped 0.45% to hit EGP 279.

In the meanwhile, the shares that kept their previous levels were Orascom Telecom Holding (OTH) (ORTE) reaching EGP 3.38 and Orascom Telecom Media & Technology Holding (OTMT) hitting EGP 1.41.