Egypt’s shares ended lower on Monday with losses totalling 510 million Egyptian pounds driven by local and non-Arab foreign investors’ profit-taking. In addition, the main stock index, EGX30 dipped 0.03% at close.
Meanwhile, the EGX indices were wavering in red notes.
Egypt’s benchmark index EGX30 ended 0.03 per cent lower to 8305.56 pts; while EGX20 finished 0.18 per cent down to 9904.21 pts.
In addition, the mid- and small-cap index, the EGX70 went down by 0.34 per cent to end at 610.14 pts. The price index EGX100 dropped by 0.33 per cent to conclude at 1066.06 pts.
Furthermore, the market capitalization recorded EGP 482.860 billion on Monday.
Turnovers below EGP1 bln
Through the closing session of Monday, the trading volume has reached 300.479 million securities, with turnovers worth EGP 886.791 million, exchanged through 25.127 thousand transactions.
Also during the closing session, 173 listed securities have been traded in; 85 declined, 53 advanced; while 35 keeping their previous levels.
Egyptian and the non-Arab foreign investors were net sellers on Monday capturing 81.59% and 5.39% respectively of the total markets, with a net equity of EGP 9.851 million and EGP 10.496 million respectively, excluding the deals.
On the other hand, Arab investors were net sellers seizing 13.02% of the total market, with a net equity of EGP 20.348 million, excluding the deals.