Egyptian stock market opened lower on Monday with mild losses amounting to 32 million pounds. In return, the country’s main stock index – EGX30 fell below 7930 points at early trading triggered by Arab sell-offs.
The Egyptian Exchange indices were wavering in mixed notes during opening trading session of Monday.
The Benchmark EGX30 fell by 0.16% to 7927.05 p; EGX20 also dipped by 0.09% to 9494.32 p.
On the contrary, the mid- and small-cap index, the EGX70 increased by 0.10% to 652.5 p. Price index EGX100 inched higher by 0.05% to 1111.77 p.
Furthermore, market capitalization reached EGP 489.588 billion, according to data compiled by Amwal Al Ghad English at 11:05 a.m. Cairo time (09:05 GMT).
Trading Volumes & Values
The trading volume has recorded 14.033 million securities worth EGP 44.426 million, exchanged through 2047 transactions during Monday opening.
Also during the opening session, 82 listed securities have been traded in; 32 fell, 23 advanced; while 27 keeping their previous levels.
Arabs were net sellers seizing 12.58% of the total market, with a net equity of EGP 3.668 million, excluding the deals.
On the other hand, Egyptians and the non-Arab foreigners were net buyers capturing 83.18% and 4.24% respectively of the total markets, with a net equity of 2.627 million and EGP 1.041 million respectively, excluding the deals.