Shares in Egypt Lose EGP1.2 bln at Close on Sunday

Egyptian stocks witnessed today  lower driven by local profit-taking processes to closes sessions with losses totaled EGP 1.2 billion. Consequently, the benchmark index ended Sunday’s sessions in dark red below 7220 points.

The Egyptian Exchange (EGX) indices were wavering in red notes on Sunday afternoon.

Indices

Egypt’s benchmark index EGX30 ended 0.22 per cent lower to 7217.82 pts; while EGX20 finished 0.37 per cent down to 8525.07 pts.

Meanwhile, the mid- and small-cap index, the EGX70 sank by 0.19% to close at 564.07 pts. The price index EGX100 pushed down by 0.25 per cent to conclude at 957.29 pts.

Declining Turnovers

Through the closing session of Sunday, the trading volume has reached 371.973 million securities. For the traded value, it hit EGP 1.156 billion, exchanged through 31.8 thousand transactions.

Also during the closing session, 181 listed securities have been traded in; 109 declined, 48 advanced; while 20 keeping their previous levels.

Investors’ Activities

Egyptians remained net sellers acquiring 6.58% of the total market, with a net equity of EGP 46.119 million, excluding the deals.

On the contrary, the non-Arab foreigners and Arabs were net buyers seizing 1.87% and 91.55% respectively of the total markets, with a net equity of EGP 38.58 million and 7.539 million respectively, excluding the deals.