Egypt’s stocks lose on Monday 470 million Egyptian pounds (US$65.7 million) driven by local and Arab investors’ sell-offs. Yet, the country’s main stock index, EGX30 solely rose during closing session.
In addition, the Egyptian Exchange’s indices were wavering mostly on red notes during the closing session of Monday.
Egypt’s benchmark index EGX30 ended 0.10 per cent higher to 9728.08 pts; while EGX20 finished 0.20 per cent down to 11504.5 pts.
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.69 per cent to finish at 623.6 pts. The price index EGX100 also inched down by 0.45 per cent to conclude at 1143.14 pts.
Furthermore, the market capitalization recorded EGP 524.740 billion on Monday.
Turnovers Still below EGP One billion
Through the closing session of Monday, the trading volume has reached 112.507 million securities, with turnovers worth EGP 671.991 million, exchanged through 20.833 transactions.
Also during the closing session, 178 listed securities have been traded in; 104 declined, 53 advanced; while 18 kept their previous levels.
Local and Arab investors were net sellers on Monday seizing 73% and 6.41% respectively of the total markets, with a net equity of EGP 11.427 million and EGP 20.019 million, respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net buyers capturing 20.59% of the total market, with a net equity of EGP 31.447 million, excluding the deals.