Egypt Stocks Lose EGP2bn on Monday, EGX30 below 9405

Egypt’s stocks ended lower on Monday incurring losses worth 2.35 billion Egyptian pounds driven by local investors’ selling pressures. In return, the country’s main stock index, EGX30 tumbled below 9405 points.

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

Indices

Egypt’s benchmark index EGX30 ended 0.97 per cent lower to 9403.39 pts; while EGX20 finished 1.16 per cent down to 11308.48 pts.     
In addition, the mid- and small-cap index, the EGX70 inched lower by 0.34 per cent to finish at 657.8 pts. The price index EGX100 plummeted by 0.84 per cent to conclude at 1168.54 pts.  
Furthermore, the market capitalization recorded EGP 521.481 billion on Monday.

Turnovers above EGP One billion
Through the closing session of Monday, the trading volume has reached 141.673 million securities, with turnovers worth EGP 1.302 billion, exchanged through 27.722 transactions.               
Also during the closing session, 183 listed securities have been traded in; 104 declined, 50 advanced; while 27 kept their previous levels.

Investors’ Activities

Local investors were net sellers on Monday seizing 88.91% of the total market, with a net equity of EGP 9.700 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net buyers acquiring 9.06% and 2.03% respectively of the total markets, with a net equity of EGP 8.638 million and EGP 1.062 million respectively, excluding the deals.