Egypt Shares Open Lower on Tuesday, EGX30 Solely Falls

Egypt’s stock market started trading lower on Tuesday with losses worth 130 million pounds driven by early local and Arab sell-offs. In return, the country’s main stock index – EGX30 solely falls below 8120 points.

The Egyptian Exchange indices were wavering in green notes during the opening session of Tuesday, except for the EGX30.

The Benchmark EGX30 tumbled by 0.55% to 8116.15 p; while EGX20 increased by 0.44% to 9831.8 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.21% to 652.23 p.  Price index EGX100 went up by 0.12% to 1120.58 p.

Furthermore, market capitalization reached EGP 491.735 billion, according to data compiled by Amwal Al Ghad English at 11:10 p.m. Cairo time (09:10 GMT).

Trading Volumes & Values

The trading volume has recorded 41.697 million securities worth EGP 122.063 million, exchanged through 3527 transactions during Tuesday opening.

Also during the opening session, 94 listed securities have been traded in; 22 fell, 48 advanced; while 24 keeping their previous levels.

Investors’ Activities

Egyptian and Arabs investors were net sellers at early trading on Tuesday seizing 87.12% and 5.72% respectively of the total markets, with a net equity of EGP 1.764 million and EGP 7.824 million respectively, excluding the deals.

On the other hand, the non-Arab foreign were net buyers 7.16% of the total market, with a net equity of EGP 9.589 million, excluding the deals.