Egypt Shares Move Lower on Monday, Lose EGP925 mln at Close

Egyptian stocks have ended lower on Monday encountering losses totaled in the amount of EGP 925 million driven by the non-Arab foreign profit-taking transactions. The benchmark index finished lower for the second day for this week to hit below 6730 points on Monday.

Yet, the Egyptian Exchange indices were wavering in red notes on Monday afternoon.

Egypt’s benchmark index EGX30 ended 0.16 per cent lower to 6725.41pts, and EGX20 also finished 0.26 per cent down to 7808.92 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 tumbled by 0.48% to close at 531.73 pts. The price index EGX100 sagged by 0.36 per cent to conclude at 906.03 pts.  
The capital market has closed at EGP 422.072 billion on Monday afternoon.

Turnovers
Through the closing session of Monday, the trading volume has reached 168.869 million securities. For the traded value, it hit EGP 349.493 million, exchanged through 20.167 thousand transactions.           

Also during the closing session, 178 listed securities have been traded in; 111 declined, 41 advanced; while 26 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net sellers seizing 3.87% of the total market, with a net equity of EGP 21.035 million, excluding the deals.

On the contrary, Egyptians and Arabs were net buyers acquiring 92.01% and 4.12% respectively of the total markets, with a net equity of EGP 9.770 million and 11.265 million respectively, excluding the  deals.