Egypt Shares Lose EGP6.5 bln at Close As Profit-takers Weigh on

Egyptian stocks started this week lower driven by local profit-taking processes to closes sessions with losses totaled EGP 6.5 billion. Consequently, the benchmark index ended Sunday’s sessions in dark red at 7003 points.

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


Egypt’s benchmark index EGX30 ended 1.96 per cent lower to 7003.26 pts; while EGX20 finished 2.04 per cent down to 8224.89 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 sank by 1.49% to close at 555.94 pts. The price index EGX100 pushed down by 1.44 per cent to conclude at 945.14 pts.  
The capital market has finished at EGP 436.979 billion on Sunday.

Declining Turnovers
Through the closing session of Sunday, the trading volume has reached 239.166 million securities. For the traded value, it hit EGP 519.772 million, exchanged through 26.261 thousand transactions.           
Also during the closing session, 179 listed securities have been traded in; 151 declined, 15 advanced; while 13 keeping their previous levels.

Investors’ Activities

Egyptians remained net sellers acquiring 95.74% of the total market, with a net equity of EGP 21.011 million, excluding the deals.

On the contrary, the non-Arab foreigners and Arabs were net buyers seizing 1.42% and 2.84% respectively of the total markets, with a net equity of EGP 7.759 million and 13.252 million respectively, excluding the deals.