Egypt Shares Open Lower Incurring EGP890 million Losses

Egypt’s stocks opened lower incurring early losses worth EGP890million amid foreign investors’ selling on Thursday opening.

Indices

The Benchmark EGX30 dived by 0.22 % to 9566.29 p, and EGX20 pushed down by 0.12% to 11221.76 p.

In addition, the mid- and small-cap index, the EGX70 surged by 0.15% to 650.98 p.  Price index EGX100 went up by 0.08% to 1181.78 p.

Furthermore, market capitalization reached EGP 524.802 billion on the session of Thursday opening.

Trading Volumes & Values

The trading volume has recorded 8.65 million securities worth EGP 20.752 million, exchanged through 1.2 thousand transactions during Thursday opening.

Also during the opening session, 73 listed securities have been traded in; 32 fell, 21 advanced; while 20 keeping their previous levels.

Investors’ Activities

Foreign investors were net sellers at early trade on Thursday with a net equity of EGP 1.7 million and seizing 13.52%.

Arab and Egyptian investors were net buyers at early trade on Thursday with a net equity of EGP665.9 thousand, acquiring 83.24%, 13.52% from the total value of trade.