Egypt Stocks Open a New Week in Red

Egypt’s stocks opened a new week lower with early losses worth 1.1 billion Egyptian pounds driven by foreign profit-takers. In return, the main stock index, EGX30 fell to 8270 points at early trading on Sunday.

The Egyptian Exchange indices were wavering on red notes during the opening session of Sunday.

The Benchmark EGX30 slumped by 0.30% to 8270.31, and EGX20 fell by 0.32% to 9921.23 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.17% to 609.26 p.  Price index EGX100 tumbled by 0.22% to 1064.82 p.

Furthermore, market capitalization reached EGP 481.259 billion, according to data compiled by Amwal Al Ghad English at 11:19 a.m. Cairo time (09:19 GMT).

Trading Volumes & Values

The trading volume has recorded 49.354 million securities worth EGP 133.101 million, exchanged through 5035 transactions during Sunday opening.

Also during the opening session, 110 listed securities have been traded in; 66 fell, 23 advanced; while 21 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers at early trade on Sunday seizing 5.95% and 8.23% respectively of the total markets, with a net equity of EGP 184.967 thousand and EGP 3.813 million respectively, excluding the deals.

On the other hand, Egyptian investors were net buyers capturing 85.83% of the total market, with a net equity of EGP 3.998 million, excluding the deals.

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