Egypt’s stocks opened lower on Monday incurring losses worth 614 million Egyptian pounds driven by local and Arab investors’ profit-gaining. Accordingly, the main stock index, EGX30 retreated at early trade below 8510 points.
Meanwhile, the Egyptian Exchange (EGX)’s indices were wavering in red notes during the opening session of Monday.
The Benchmark EGX30 tumbled by 0.30% to 8506.31 p, and EGX20 went down by 0.29% to 10217.92 p.
On the contrary, the mid- and small-cap index, the EGX70 dipped by 0.05% to 617.38 p. Price index EGX100 dropped by 0.12% to 1078.13 p.
Furthermore, market capitalization reached EGP 491.489 billion, according to data compiled by Amwal Al Ghad English at 11:09 a.m. Cairo time (08:09 GMT as Egypt turned to Daylight saving time).
Trading Volumes & Values
The trading volume has recorded 21.187 million securities worth EGP 51.304 million, exchanged through 2.139 transactions during Monday opening.
Also during the opening session, 77 listed securities have been traded in; 35 fell, 11 advanced; while 31 keeping their previous levels.
Egyptian and Arab investors were net sellers at opening trade on Monday seizing 87.1% and 0.04% respectively of the total markets, with a net equity of EGP 1.559 million and EGP 403.349 thousand respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net buyers capturing 12.86% of the total market, with a net equity of EGP 1.963 million, excluding the deals.