Egypt Shares Lose EGP243 Million at Open amid Foreign Profit-takers

Egypt’s bourse opened lower on Monday, with losses worth 243 million pounds driven by early foreign profit-takers. Yet, the country’s main stock index slightly up to hit 8011 points.

Moreover, the Egyptian Exchange’s indices were wavering in mixed notes during the opening session.

Indices

The Benchmark EGX30 rose by 0.03% to 8011.43 p; while EGX20 increased by 0.08% to 9518.45 p.

Additionally, the mid- and small-cap index, the EGX70 tumbled by 0.33% to 663.49 p.  Price index EGX100 fell by 0.24% to 1134.52 p.

Furthermore, market capitalization reached EGP 490.786 billion, according to data compiled by Amwal Al Ghad English at 11:04 a.m. Cairo time (09:04 GMT).

Turnovers & Trading Volumes

The trading volume has recorded 18.646 million securities, with turnovers reached EGP 75.628 million, exchanged through 2929 transactions during Monday opening.

Also during the opening session, 105 listed securities have been traded in; 64 fell, 20 advanced; while 21 keeping their previous levels.

Investors’ Activities

Arab and the non-Arab foreign investors were net sellers seizing 10.83% and 3.03% respectively of the total markets, with a net equity of EGP 10.395 million and EGP 428.486 thousand respectively, excluding the deals.

On the contrary, Egyptian investors were net buyers early Monday acquiring 86.14% of the total market, with a net equity of EGP 10.824 million, excluding the deals.