Egypt Indices Opened Mixed, Benchmark Falls below 6335

Egyptian stocks have opened lower on Monday incurring losses of EGP 509 million driven by foreign selling pressures.  The benchmark index dropped below 6335 points on Monday triggered by corrective movements.

The Egyptian Exchange’s indices were wavering on mixed notes during Monday opening.

The Benchmark EGX30 fell by 0.34% to 6334.9 p; while EGX20 tumbled by 0.53% to 7366.45 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.12% to 536.7 p.  Price index EGX100 increased by 0.04% to 892.41 p.

The capital market has reached EGP 413.129 billion on Monday, according to data compiled by Amwal Al Ghad English at 11:02 a.m. Cairo time (09:02 GMT).

Trading Volumes & Values

The trading volume has recorded 13.444 million securities worth EGP 40.760 million, exchanged through 1941 transactions during Monday opening.

Also during the opening session, 112 listed securities have been traded in; 56 fell, 27 advanced; while 29 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net sellers triggering EGX’s early losses as they seized 27.27% and 2.52% respectively of the total markets, with a net equity of EGP 495.296 thousand and EGP 918.884 thousand respectively, excluding the deals.

Meanwhile, Egyptians were net buyers acquiring  70.21% of the total market, with a net equity of EGP 1.414 million thousand, excluding the deals.