Egypt Stocks herald new Week with EGP3.1 billion Losses

Egypt’s stock market incurred losses on Sunday worth 3.1 billion Egyptian pounds (US$406 million) driven by foreign investors’ sell-offs.

In return, the country’s main stock index, EGX30 tumbled below 9960 points on Sunday.

The rest of the Egyptian Exchange’s indices were wavering in green notes during the closing session of Sunday.

Indices:

The main stock index, EGX30 dipped by 0.08 per cent to 9957.93 points. EGX20 rose by 0.12 per cent to 11064.61 points.

Meanwhile, the mid- and small-cap index EGX70 grew by 0.64% to 602.03 points. The price index, EGX100 went up by 0.43% to 1184.15 points.

Turnovers above EGP2 billion
Throughout the closing session of Sunday, the trading volume has reached 100.098 million securities, with turnovers climbed to EGP 2.089 billion, exchanged through 20.554 thousand transactions.                       
Also during the closing session, 190 listed securities have been traded in; 65 declined, 80 advanced; while 34 kept their previous levels.
Furthermore, the market capitalization recorded EGP 536.741 billion on Sunday.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers seizing on Sunday 1.06% and 1.67% respectively of the total markets, with a net equity of EGP 17.023 million and EGP 11.170 million, respectively, excluding the deals.

On the other hand, local investors were net buyers capturing 97.28% of the total market, with a net equity of EGP 28.194 million, excluding the deals.