Egypt Shares Open a new Week Lower, EGX30 falls 0.9%

Egypt’s stocks opened a new week lower incurring losses worth 2.8 billion Egyptian pounds driven by local investors’ profit-taking. The main stock index, EGX30 started trading on Sunday below 8665 points.

Meanwhile, the EGX indices were wavering in red notes during the opening session of Sunday.

Indices

The Benchmark EGX30 inched lower by 0.96% to 8662.39 p, and EGX20 plummeted by 1.02% to 10486.22 p.

In addition, the mid- and small-cap index, the EGX70 dropped by 0.41% to 605.91 p.  Price index EGX100 also decreased by 0.39% to 1066.41 p.

Furthermore, market capitalization reached EGP 493.112 billion, according to data compiled by Amwal Al Ghad English at 11:22 a.m. Cairo time (08:22 GMT as Egypt turned to Daylight saving time).

Trading Volumes & Values

The trading volume has recorded 36.322 million securities worth EGP 109.079 million, exchanged through 4140 transactions during Sunday opening.

Also during the opening session, 113 listed securities have been traded in; 74 fell, 13 advanced; while 26 keeping their previous levels.

Investors’ Activities

Egyptian investors were net sellers at early trade on Sunday seizing 94.97% of the total market, with a net equity of EGP 925.578 thousand, excluding the deals.

On the other hand, the non-Arab foreign investors and Arab investors were net buyers capturing 3.1% and 1.93% respectively of the total markets, with a net equity of EGP 860.711 thousand and EGP 64.866 thousand respectively, excluding the deals.