Egypt Stock Market 1.46% down on local, Arab Selloffs

Egypt’s stock market tumbled Monday, incurring losses worth 1,7 billion  Egyptian pounds (US$217,083 million) driven by local and Arab selloffs.

The market capitalization has reached 485,430 billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 edged down 1.46 percent to 7887.87 points.

EGX20 also fell 2.18 percent to 7869.81 points.

In addition, the mid- and small-cap index EGX70 dropped 1.43 percent to 440.08 points. The price index, EGX100 declined by 0.77 percent to 910.37 points.

Turnovers Humble

On Monday, the bourse’s trading volume has hit 177.096 million securities, with turnovers closed at 641,474 pounds exchanged through 19,138 thousand transactions.

Also during the closing session, 167 listed securities have been traded in; 106 declined, 28 advanced; while 28 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers Monday seizing 88.07% and 3.62% respectively of the total markets, with a net equity of 16,982 million pounds and 3,780 million pounds, respectively, excluding the deals.

On the contrary, the non-Arab investors were net buyers acquiring 8.31% of the total market, with a net equity of 20,762 million pounds, excluding the deals.