Egypt Bourse Benchmark Ends Below 5420 Pts On Profit-taking Deals

Egypt bourse has incurred losses of EGP 1.5 billion during the closing session of Monday as the foreigners’ profit-taking transactions continued.

The EGX indices ended sessions on red notes.

Egypt’s benchmark index EGX30 edged down by 0.54% to close at 5417.47 p; while the EGX20, it tumbled by 0.98% to end at 6157.51 p.

Meanwhile, the mid- and small-cap index, the EGX70 plummeted  by 0.85% to conclude at 451.66 p.  Price index EGX100 fell by 0.66% to finish 761.3 p.

The capital market has reached to EGP 364.437 billion during the closing session of Monday.

During Monday’s closing, the trading volume hit 60.048 million securities, less than Sunday’s session of 62.345 million securities, representing a decline of 2.297 thousand securities. For the traded value, it reached EGP 256.543 million, exchanged through 13.593 thousand transactions.

During the closing session of Monday, 166 listed securities have been traded in; 105 declined, 29 advanced; while 32 keeping their previous levels.

Arabs and the non-Arab foreigners’ selling pressures have driven EGX’s losses as they were net sellers seizing 5.45% and 12.71% respectively, of the total markets, with a net equity of EGP 22.905 million and EGP 3.298 million excluding the deals.

Meanwhile, Egyptians were net buyers seizing 81.84% of the total markets, with a net equity of EGP 26.204 million, excluding the deals.