Cairo stock market narrowly mixed in thin Ramadan trade

Egyptian stock market ended narrowly mixed on Monday as trading volumes fell with the beginning of the Muslim holy month of Ramadan.

Main index as EGX30 edged up 1.01 percent, to 7639.59 points.

During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour.

Other indices; EGX50 EWI index picked down 0.20 percent, to 1393.42 points; while EGX20 rose 0.63 percent, to 7827.1 points.

Mid- and small-cap index EGX70 tumbled 0.75 percent, to 371.36 points. Price index, EGX100 dropped 0.18 percent, to 787.24 points.

Market Caps

Market capitalisation earned humble gains worth 752 million Egyptian pounds ($84.6 million), to record 405.242 billion pounds during the closing session of Monday.

Turnovers weak

The bourse’s trading volume hit 95.636 million securities, with turnovers, closing at 537.740 million pounds, exchanged through 11,788 transactions.

Also during the closing session, 140 listed securities have been traded in, 64 declined, 37 advanced; while 38 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers controlling 53.54 and 5.91 percent respectively of the total markets, with a net equity of 143.870 million pounds and 24.237 million pounds, respectively, excluding the deals.

On the contrary, non-Arab foreign investors were net buyers capturing 40.55 percent of the total market, with a net equity of 168.107 million pounds, excluding the deals.