Egypt’s stock market ended lower on Sunday with losses totalling 2.6 billion Egyptian pounds driven by local and non-Arab foreign profit-takers. Consequently, the main stock index, EGX30 further falls below 8250 points.
Meanwhile, the EGX indices were wavering in red notes during the closing session on Sunday.
Egypt’s benchmark index EGX30 closed 0.57 per cent lower to 8247.47 pts; while EGX20 finished 0.61 per cent down to 9891.63 pts.
In addition, the mid- and small-cap index, the EGX70 dropped by 0.15 per cent to end at 611.24 pts. The price index EGX100 dipped by 0.02 per cent to conclude at 1067.39 pts.
Furthermore, the market capitalization recorded EGP 479.721 billion on Sunday.
Turnovers below EGP1 bln
Through the closing session of Sunday, the trading volume has reached 197.104 million securities, with turnovers worth EGP 634.268 million, exchanged through 26.138 thousand transactions.
Also during the closing session, 185 listed securities have been traded in; 110 declined, 47 advanced; while 28 keeping their previous levels.
Egyptian and the non-Arab foreign investors were net sellers on Sunday seizing 87.87% and 5.41% respectively of the total markets, with a net equity of EGP 10.476 million and EGP 4.250 million respectively, excluding the deals.
On the other hand, Arab investors were net buyers capturing 6.72% of the total market, with a net equity of EGP 14.727 million, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price rise on Sunday by 0.08 percent to EGP 12.85.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) sagged by 0.30 percent to EGP 36.90.
In the real estate sector, Palm Hills Development Company (PHDC.CA) pushed down by 2.42 percent to trade at EGP 4.04, Talaat Moustafa Group Holding (TMGH.CA) plummeted by 1.65 percent to trade at EGP 8.92, in addition the Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) tumbled by 0.33 percent to close at EGP 26.90.