EGX Trims Morning Losses, Benchmark Ends Below 5690 Pts

The Egyptian Exchange (EGX) has pared its opening losses during Sunday’s closing to eventually reach EGP 2.7 billion driven by Arab sellers. The capital market has reached to EGP 378.967 billion during Wednesday’s closing.

The EGX indices closed in red.

The main index, EGX30 inched down by 0.02% to end at 5688.05 p. EGX20 dipped by 0.09 % to close at 6503.85 p.

Meanwhile, the mid- and small-cap index, the EGX70 went down by 0.47% to conclude at 466.77 pts.  Price index EGX100 fell 0.55% to finish at 796.23 p.

During Sunday’s closing, the trading volume has reached 90.911 million securities worth EGP 432.430 million, exchanged 18.672 thousand transactions.

This was after trading in 160 listed securities; 99 declined, 42 advanced; while 19 keeping their previous levels.

EGX’s closing losses were driven by Arabs’ selling pressures as they were net sellers seizing 16.49% of the total markets, with a net equity of EGP 129.168 million excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners were net buyers seizing 57.33% and 26.18% respectively, of the total markets, with a net equity of EGP 24.833 million and EGP 104.335 million excluding the deals.