Egypt Shares dip at Midday trade, Lose EGP389 mln

Egypt’s stocks slightly dropped during midday trade on Monday, incurring losses amounting to 389 million Egyptian pounds amid local and non-Arab foreign profit-takers. In return, the main stock index, EGX30 also humbly falls to hit below 8305 points.

The Egyptian Exchange indices were wavering on red notes during the midday trading session on Monday.

The Benchmark EGX30 slumped by 0.07% to 8302.43 p, and EGX20 fell by 0.19% to 9902.81 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.14% to 611.37 p. Price index EGX100 decreased by 0.17% to 1067.75 p.

Furthermore, market capitalization reached EGP 482.981 billion, according to data compiled by Amwal Al Ghad English at 13:09 p.m. Cairo time (11:09 GMT).

Trading Volumes & Values

The trading volume has recorded 208.071 million securities worth EGP 539.595 million, exchanged through 15.091 transactions during Monday midday.

Also during the midday session, 153 listed securities have been traded in; 81 fell, 41 advanced; while 31 keeping their previous levels.

Investors’ Activities

Egyptian and the non-Arab foreign investors were net sellers at midday trade on Monday seizing 84.28% and 4.71% respectively of the total markets, with a net equity of EGP 18.803 million and EGP 10.638 million respectively, excluding the deals.

On the other hand, Arab investors were net buyers capturing 11.01% of the total market, with a net equity of EGP 29.442 million, excluding the deals.

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