Egypt’s stocks ended lower on Sunday with losses totalling around 3 billion Egyptian pounds driven by local and non-Arab foreign investors’ selling pressures. Consequently, the main stock index, EGX30 pushed down below 8655 points.
Meanwhile, the EGX indices were wavering in red notes during the closing session of Sunday.
Egypt’s benchmark index EGX30 ended 1.05 per cent lower to 8654.45 pts; while EGX20 finished 0.98 per cent down to 10489.92 pts.
In addition, the mid- and small-cap index, the EGX70 went down by 0.13 per cent to end at 607.65 pts. The price index EGX100 fell by 0.28 per cent to conclude at 1067.61 pts.
Furthermore, the market capitalization recorded EGP 493.034 billion on Sunday.
Turnovers below EGP 1 billion
Through the closing session of Sunday, the trading volume has reached 174.820 million securities, with turnovers worth EGP 773.914 million, exchanged through 22.979 thousand transactions.
Also during the closing session, 176 listed securities have been traded in; 109 declined, 41 advanced; while 22 kept their previous levels.
Egyptian and the non-Arab foreign investors were net sellers on Sunday seizing 82.61% and 3.73% respectively of the total markets, with a net equity of EGP 4.990 million and EGP 11.044 million respectively, excluding the deals.
On the other hand, Arab investors were net buyers capturing 13.66% of the total market, with a net equity of EGP 6.053 million, excluding the deals.