Egypt’s shares ended mildly lower on Sunday with losses amounting to 231 million Egyptian pounds driven by Arab investors’ profit-taking. In return, the main stock index, EGX30 dipped below 8535 points.
Meanwhile, the EGX indices were wavering in red notes during the closing session of Sunday.
Arabian Cement’s common stock began trading on the Egyptian stock market today.
Egypt-based Arabian Cement Company’s initial public share offer is the first major listing on the Egyptian Exchange (EGX) since the 2011 political uprising.
Egypt’s benchmark index EGX30 ended 0.25 per cent lower to 8532.01 pts; while EGX20 finished 0.09 per cent down to 10247.23 pts.
In addition, the mid- and small-cap index, the EGX70 inched down by 0.50 per cent to end at 617.71 pts. The price index EGX100 sagged by 0.34 per cent to conclude at 1079.39 pts.
Furthermore, the market capitalization recorded EGP 492.103 billion on Sunday.
Turnovers below EGP1 bln
Through the closing session of Sunday, the trading volume has reached 292.610 million securities, with turnovers worth EGP 960.609 million, exchanged through 34.054 thousand transactions.
Also during the closing session, 175 listed securities have been traded in; 85 declined, 68 advanced; while 22 keeping their previous levels.
Arab investors were net sellers on Sunday seizing 6.31% of the total market, with a net equity of EGP 21.611 million, excluding the deals.
On the other hand, Egyptian and the non-Arab foreign investors were net buyers capturing 88.01% and 5.68% respectively of the total markets, with a net equity of EGP 10.736 million and EGP 10.875 million respectively, excluding the deals.