Egypt’s stock market closed higher on Sunday with gains totalling 962 million pounds. Yet, local selling pressures drag the country’s main stock index – EGX30 to end in red at 8450 points.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering in mixed notes on Sunday afternoon.
Egypt’s benchmark index EGX30 closed 0.10 per cent lower to 8450.99 pts; while EGX20 finished with no change at 10180.9 pts.
In addition, the mid- and small-cap index, the EGX70 fell by 0.10 per cent to end at 632.97 pts. The price index EGX100 rose by 0.19 per cent to conclude at 1106.53 pts.
Furthermore, the market capitalization recorded EGP 491.411 billion on Sunday.
Turnovers above One Billion Pounds
Through the closing session of Sunday, the trading volume has reached 292.487 million securities, with turnovers worth EGP 1.072 billion, exchanged through 41.768 thousand transactions.
Also during the closing session, 185 listed securities have been traded in; 96 declined, 69 advanced; while 20 keeping their previous levels.
Egyptian investors were net sellers seizing on Sunday 92.04% of the total market, with a net equity of EGP 44.411 million, excluding the deals.
On the other hand, the non-Arab foreign and Arab investors were net buyers capturing 1.97% and 5.99% respectively of the total markets, with a net equity of EGP 7.914 million and EGP 36.497 million respectively, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price decrease on Sunday by 2.69 percent to EGP 13.00.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) pushed down by 1.69 percent to EGP 37.70.
In the real estate sector, Palm Hills Development Company (PHDC.CA) dropped by 0.49 percent to trade at EGP 4.07, Talaat Moustafa Group Holding (TMGH.CA) also inched down by 0.59 percent to trade at EGP 8.46, while Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) grew by 0.83 percent to close at EGP 29.17.