Egyptian Shares End Lower on Sunday Triggered by Profit Taking

Egyptian stocks have ended lower on Sunday incurring losses totaled EGP 3.5 billion driven by foreign profit-taking transactions that followed record leaps last week. The benchmark index closed below 6360 points on Sunday.

The Egyptian Exchange indices were wavering on red notes on Sunday afternoon.

Egypt’s benchmark index EGX30 ended 0.93 per cent lower to 6356.42 pts, and the EGX20 also finished 1.11 per cent down to 7405.77 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.66 per cent to conclude at 536.03 pts. The price index EGX100 decreased by 0.74 per cent to close at 892.08 pts. 
The capital market has closed at EGP 413.638 billion on Sunday.

Turnovers
Through the closing session of Sunday, the trading volume has reached 180.328 million securities. For the traded value, it hit EGP 506.065 million, exchanged through 27.629 thousand transactions.     

Also during the closing session, 184 listed securities have been traded in; 119 declined, 48 advanced; while 17 keeping their previous levels.

Investors’ Activity

The non-Arab foreigners and Arabs were net sellers triggering EGX’s closing losses for they seized 4.53% and 4.92% respectively, of the total market, with net equities of EGP 5.530 million and EGP 4.739 million, excluding the deals.

On the other hand, Egyptians were net buyers acquiring 90.55% of the total market, with a net equity of EGP 10.270 million, excluding the deals.