Egyptian Stocks Lose EGP12.1bn on Monday on Harsh Arab Sell-off

Driven by heavy selling pressures by Arab investors, Egypt’s stocks closed substantially lower on Monday with losses worth 12.1 billion. In return, the country’s main stock index, EGX30 retreated below 9160 points.

The Egyptian Exchange’s indices were wavering in dark red notes during the closing session of Monday.

Indices

Egypt’s benchmark index EGX30 ended 1.27 per cent lower to 9156.68 pts; and EGX20 closed 1.59 per cent down to 10575.77 pts.

On the other hand, the mid- and small-cap index, the EGX70 sank by 2.21 per cent to finish at 625.41 pts. The price index EGX100 plummeted by 1.61 per cent to conclude at 1129.2 pts.  
Furthermore, the market capitalization recorded EGP 513.327 billion on Monday.

Turnovers below EGP One billion
Through the closing session of Monday, the trading volume has reached 179.458 million securities, with turnovers worth EGP 824.292 million, exchanged through 26.104 transactions.                 
Also during the closing session, 189 listed securities have been traded in; 145 declined, 22 advanced; while 18 kept their previous levels.

Investors’ Activities

Arab investors were net sellers on Monday seizing 6.22% of the total market, with a net equity of EGP 34.459 million, excluding the deals.

On the other hand, local and the non-Arab foreign investors were net buyers capturing 83.97% and 9.8% respectively of the total markets, with a net equity of EGP 7.697 million and EGP 26.762 million, respectively, excluding the deals.