Egyptian stocks opened lower on Monday with losses worth 2.8 billion pounds driven by early Arab selling pressures. In return, the Egyptian main stock index – EGX30 started trading also lower below 8020 points.
The Egyptian Exchange indices were wavering in red notes during opening trading session of Monday.
The Benchmark EGX30 fell by 0.73% to 8016.95 p; EGX20 also dropped by 0.82% to 9600.94 p.
Additionally, the mid- and small-cap index, the EGX70 went down by 0.61% to 648.26 p. Price index EGX100 decreased by 0.55% to 1111.86 p.
Furthermore, market capitalization reached EGP 488.858 billion, according to data compiled by Amwal Al Ghad English at 11:21 a.m. Cairo time (09:21 GMT).
Trading Volumes & Values
The trading volume has recorded 54.662 million securities worth EGP 126.197 million, exchanged through 4693 thousand transactions during Monday opening.
Also during the opening session, 117 listed securities have been traded in; 73 fell, 17 advanced; while 27 keeping their previous levels.
Arabs were net sellers 7.1% of the total market, with a net equity of EGP 5.291 million, excluding the deals.
On the contrary, Egyptians and the non-Arab foreigners were net buyers seizing 90.18% and 2.73% respectively of the total markets, with a net equity of 5.287 million and 4.088 thousand respectively, excluding the deals.