Egypt stocks edge down 1.04% on foreign selloff

Egypt’s bourse ended lower on Monday as foreign investors’ sell-off weighed on.

Main index edged down 1.04 percent, to 7417.08 points.

Other indices; EGX50 EWI index lost 0.67 percent, to 1384.45 points; while EGX20 dropped 0.49 percent, to 7552.36 points.

Mid- and small-cap index EGX70 fell 1.07 percent, to 369.64 points. Price index, EGX100 decreased 0.68 percent, to 775.82 points.

Market Caps

Market capitalisation incurred losses worth 2 billion Egyptian pounds ($225240460 million), to record 400.210 billion pounds during the closing session of Monday.

Turnovers jump

The bourse’s trading volume hit 129.335 million securities, with turnovers, closing at 2.500 billion pounds, exchanged through 15,171 transactions.

Also during the closing session, 165 listed securities have been traded in, 88 declined, 38 advanced; while 35 kept their previous levels.

Investors’ Activities

Non-Arab foreign investors were net sellers capturing 3.91 percent of the total market, with a net equity of 37.082 million pounds, excluding the deals.

On the contrary, local and Arab foreign investors were net buyers controlling 94.58 and 1.51 percent respectively of the total markets, with a net equity of 20.024 million pounds and 17.057 million pounds, respectively, excluding the deals.