Egypt Shares Move Lower on Monday, Lose EGP1.1 bln at Close

Egyptian stocks have ended lower on Monday encountering losses toaled EGP 1.1 billion driven by the local and Arab profit-taking deals.The benchmark index retreated below 6470 points on Monday.

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

Egypt’s benchmark index EGX30 ended 0.24 per cent lower to 6468.26 pts, and EGX20 also finished 0.12 per cent down to 7489.35 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.91 per cent to conclude at 524.71 pts. The price index EGX100 dropped by 0.81 per cent to close at 882.98 pts.  
The capital market has closed at EGP 411.382 billion on Monday afternoon.

Turnovers
Through the closing session of Monday, the trading volume has reached 92.973 million securities. For the traded value, it hit EGP 369.789 million, exchanged through 19.033 thousand transactions.         

Also during the closing session, 179 listed securities have been traded in; 119 declined, 39 advanced; while 21 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net sellers acquiring 82.92% and 6.76% respectively of the total markets, with a net equity of EGP 3.970 million and EGP 579.997 thousand respectively, excluding the deals.

Meanwhile, the non-Arab foreigners were net buyers seizing 10.32% of the total market, with a net equity of EGP 4.550 million, excluding the deals.