Egyptian stocks opened lower on Tuesday incurring losses worth 1.3 billion Egyptian pounds amid local profit-takers. However, the main stock index – EGX30 started trading solely and slightly higher to hit 7807 points.
The Egyptian Exchange indices were wavering on red notes during the opening session of Tuesday, except for the EGX30.
The Benchmark EGX30 rose by 0.03% to 7807.29 p, and EGX20 dropped by 0.44% to 9361.49 p.
Meanwhile, the mid- and small-cap index, the EGX70 inched down by 1.28% to 587.78 p. Price index EGX100 tumbled by 1.02% to 1030.63 p.
Furthermore, market capitalization reached EGP 468.181 billion, according to data compiled by Amwal Al Ghad English at 11:30 a.m. Cairo time (09:30 GMT).
Trading Volumes & Values
The trading volume has recorded 56.448 million securities worth EGP 125.056 million, exchanged through 5686 transactions during Tuesday opening.
Also during the opening session, 135 listed securities have been traded in; 95 fell, 17 advanced; while 23 keeping their previous levels.
Egyptian investors were net sellers at early trading on Tuesday seizing 95.48% of the total market, with a net equity of EGP 8.150 million, excluding the deals.
On the other hand, the non-Arab foreign and Arab investors were net buyers capturing 2.09% and 2.43% respectively of the total markets, with a net equity of EGP 2.344 million and EGP 5.806 million respectively, excluding the deals.