Egypt’s bourse offsets early gains to close lower on Sunday with losses worth 378 million Egyptian pounds amid Arab investors’ selling pressures. As a result, the country’s main stock index, EGX30 pared early gains to close above 9445 points.
The Egyptian Exchange’s indices were wavering in green notes during the closing session of Sunday.
Egypt’s benchmark index EGX30 ended 0.12 per cent higher to 9446.83 pts; while EGX20 finished 0.20 per cent up to 11347.83 pts.
In addition, the mid- and small-cap index, the EGX70 rose by 0.26 per cent to finish at 660.44 pts. The price index EGX100 went up by 0.11 per cent to conclude at 1170.1 pts.
Furthermore, the market capitalization recorded EGP 523.880 billion on Sunday.
Turnovers near EGP One billion
Through the closing session of Sunday, the trading volume has reached 128.314 million securities, with turnovers worth EGP 981.599 million, exchanged through 22.261 transactions.
Also during the closing session, 186 listed securities have been traded in; 77 declined, 74 advanced; while 30 kept their previous levels.
Arab investors were net sellers on Sunday seizing 6.24% of the total market, with a net equity of EGP 44.685 million, excluding the deals.
On the other hand, local and the non-Arab foreign investors were net buyers acquiring 89.28% and 4.48% respectively of the total markets, with a net equity of EGP 14.034 million and EGP 30.651 million respectively, excluding the deals.