Egypt’s stocks trimmed early losses to end with losses totalling 323 million Egyptian pounds on Sunday driven by local investors’ selloffs. In return, the main stock index, EGX30, closed in red.
The Egyptian Exchange’s indices were wavering in mixed notes during closing session of Sunday.
EGX operates with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time.
Egypt’s benchmark index EGX30 ended 0.28 per cent lower to 8070.76 pts; while EGX20 finished 0.39 per cent down to 9755.11 pts.
On the other hand, the mid- and small-cap index, the EGX70 rose by 0.34 per cent to end at 585.43 pts. The price index EGX100 went up by 0.20 per cent to conclude at 1025.83 pts.
Furthermore, the market capitalization recorded EGP 473.474 billion on Sunday.
Turnovers below EGP 1 billion
Through the closing session of Sunday, the trading volume has reached 64.973 million securities, with turnovers worth EGP 396.654 million, exchanged through 9451 transactions.
Also during the closing session, 156 listed securities have been traded in; 69 declined, 47 advanced; while 32 kept their previous levels.
Egyptian investors were net sellers on Sunday seizing 78.01% of the total market, with a net equity of EGP 122.571 million, excluding the deals.
On the contrary, Arab and non-Arab foreign investors were net buyers capturing 16.51% and 5.49% respectively of the total markets, with a net equity of EGP 118.487 million and EGP 4.083 million respectively, excluding the deals.