Egypt’s stocks ended lower on Monday, encountering losses worth 3.1 billion Egyptian pounds driven by non-Arab foreign profit-takers. In return, the country’s main stock index, EGX30 tumbled below 9320 points.
Meanwhile, the Egyptian Exchange’s indices were wavering in red notes during closing session of Monday.
Egypt’s benchmark index EGX30 ended 1.35 per cent lower to 9316.13 pts; while EGX20 finished 1.26 per cent down to 11151.62 pts.
In addition, the mid- and small-cap index, the EGX70 pushed down by 0.93 per cent to finish at 648.57 pts. The price index EGX100 fell by 0.80 per cent to conclude at 1157.13 pts.
Furthermore, the market capitalization recorded EGP 516.718 billion on Monday.
Turnovers below EGP One billion
Through the closing session of Monday, the trading volume has reached 199.507 million securities, with turnovers worth EGP 823.463 million, exchanged through 32.630 transactions.
Also during the closing session, 182 listed securities have been traded in; 115 declined, 46 advanced; while 19 kept their previous levels.
The non-Arab foreign investors were net sellers on Monday seizing 14.25% of the total market, with a net equity of EGP 6.853 million, excluding the deals.
On the other hand, local and Arab investors were net buyers acquiring 81.5% and 4.25% respectively of the total markets, with a net equity of EGP 2.896 million and EGP 3.957 respectively, excluding the deals.