Egypt Stocks Mostly Red, EGX 30 Slightly Up Above 5615 pts – Midday

Following Eid Al-Fitr holidays, Egypt’s stock market incurred midday losses of EGP 1.1 billion for its first day through this week driven by foreign selling pressures. Accordingly, the benchmark slightly rose above 5615 pts.

The Egyptian Exchange’s indices were wavering in red notes during the midday session of Monday; except for the main gauge EGX 30 which solely rose.

Benchmark EGX30 increased by 0.03% to 5618 p; while EGX20 fell by 0.14% to 6499.26 p.

On the other hand, the mid- and small-cap index, the EGX70 inched down by 0.82% to 427.91 p.  Price index EGX100 dropped by 0.79% to 737.64 p.

The capital market has reached EGP 363.388 billion during the midday session of Monday, according to data compiled by Amwal Al Ghad English at 12:49 p.m. Cairo time (10:49 GMT).

Trading Volumes & Values

The trading volume has recorded 40.653 million securities worth EGP 173.738 million, exchanged through 8.167 thousand transactions during Monday midday.

Investors’ Activity

The non-Arab foreign and Arab investors have driven EGX’s midday losses as they were net sellers seizing 30.34% and 4.37% respectively, of the total market, with net equities of EGP 16.543 million and EGP 5.611 million, excluding the deals.

Meanwhile, Egyptians were net buyers seizing 65.29% of the total market, with a net equity of EGP 22.154 million, excluding the deals.