Egypt Shares Lose EGP2 bln at Close amid Non-Arab Foreign Sell-offs

Egyptian stocks ended lower on Monday incurring losses totaled around EGP 2 billion driven by non-Arab foreign closing selling pressures. Accordingly, the benchmark index shut below 6805 points.

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

Egypt’s benchmark index EGX30 ended 0.76 per cent lower to 6801.33 pts, and EGX20 also finished 0.78 per cent down to 7906.73 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 decreased by 0.47% to close at 549.28 pts. The price index EGX100 dropped by 0.65 per cent to conclude at 930.87 pts.  
The capital market has closed at EGP 429.475 billion on Monday afternoon.

Through the closing session of Monday, the trading volume has reached 258.931 million securities. For the traded value, it hit EGP 575.738 million, exchanged through 31.441 thousand transactions.           

Also during the closing session, 178 listed securities have been traded in; 108 declined, 58 advanced; while 12 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net sellers seizing 7.5% of the total market, with a net equity of EGP 39.998 million, excluding the deals.

On the contrary, Egyptians and Arabs were net buyers acquiring 88.53% and 3.98% respectively of the total markets, with a net equity of EGP 36.446 million and 3.551 million respectively, excluding the deals.