Egypt Shares Open Lower on Thursday, Lose EGP893 mln

Egyptian stocks have opened lower on Thursday incurring losses of EGP 893 million driven by early non-Arab foreign selling pressures. The benchmark index continued its downturn to further fall below 6180 points.

The Benchmark EGX30 dropped by 0.46% to 6176.73 p; while EGX20 fell by 0.39% to 7223.24 p.

On the other hand, the mid- and small-cap index, the EGX70 decreased by 0.21% to 519.39 p.  Price index EGX100 went down by 0.18% to 866.73 p.

The capital market has opened at EGP 402.120 billion on Thursday, according to data compiled by Amwal Al Ghad English at 11:16 a.m. Cairo time (09:16 GMT).

Trading Volumes & Values

The trading volume has recorded 21.316 million securities worth EGP 35.351 million, exchanged through 2035 transactions during Thursday opening.

Also during the opening session, 102 listed securities have been traded in; 45 fell, 21 advanced; while 36 keeping their previous levels.

Investors’ Activities

the non-Arab foreigners were net sellers acquiring 4.52% of the total market, with a net equity of EGP 483.284 thousand, excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers seizing 89.97% and 5.52% respectively of the total markets, with a net equity of EGP 453.498 thousand and EGP 29.786 thousand respectively, excluding the deals.