Egypt Bourse Index Retreats to 5610 pts – Midday

Egypt’s shares fell during the midday session of Monday incurring losses of EGP 2.8 billion driven by local and Arab selling pressures.

The benchmark index further fell to 5610 points.

The Egyptian Exchange’s indices were wavering in red notes this noon.

The Benchmark EGX30 edged down by 1.01% to 5610.31 p; while EGX20 tumbled by 1.08% to 6584.48 p.

On the other hand, the mid- and small-cap index, the EGX70 dropped by 0.44% to 484.51 p.  Price index EGX100 dipped by 0.56% to 808.57 p.

The capital market has hit at EGP 377.231 billion on Monday according to data compiled by Amwal Al Ghad English at 12.58 p.m. Cairo time (10:58 GMT).

Trading Volumes & Values

The trading volume has recorded 61.812 million securities worth EGP 276.268 million, exchanged through 12.304 thousand  transactions during Monday opening.

Also during the midday session, 153 listed securities have been traded in; 100 fell, 28 advanced; while 25 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net sellers driving EGX’s midday losses as they seized 84.38% and 2.45% respectively of the total markets, with a net equity of EGP 7.462 million and EGP 1.330 million  respectively, excluding the deals.

Meanwhile, the non-Arab foreigners were net buyers seizing 13.17%, of the total markets, with a net equity of EGP 8.792 million excluding the deals.