EGX starts week in red amid Arab, foreign selling

The Egyptian Exchange (EGX) started week in red, losing 7.44 billion Egyptian pounds of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 dipped 1.93 percent, or 182.5 points, to close at 9,272.88 points.

The equally weighted index EGX 50 dropped 1.55 percent, or 20.82 points, to end at 1,320.53 points.

Moreover, the small and mid-cap index EGX 70 lessened 0.97 percent, or 9.65 points, to close at 986.21 points, and the broader index EGX 100 declined 1.14 percent, or 11.67 points to 1,024.34 points.

Market capitalization lost 7.44 billion pounds, recording 520.97 billion pounds, compared to 528.4 billion pounds, in Thursday’s session.

The trading volume reached 145.14 million shares, traded through 17,599 transactions, with a turnover of 365.43 million pounds,.

Egyptian investors were buyers at 95.54 million pounds, while Arab and foreign investors were net sellers at 10.17 million pounds, and 85.37 million pounds, respectively.

Arab and foreign investors were net sellers at 591,664 pounds, and 258,317 pounds, respectively, while foreign individuals were net buyers at 28.35 million pounds.

Arab and foreign organizations sold at 9.58 million pounds, and 85.12 million pounds, respectively, while Egyptian organizations bought at 67.19 million pounds.