Egypt’s stock market shares opened lower on Monday incurring losses worth 1.8 billion Egyptian pounds (US$251.8 million) amid early foreign selloffs. In return, the country’s main stock index, EGX30 retreated by 0.52% to 9480.94 points at early trade.
The rest of the Egyptian Exchange’s indices were also wavering on red negative notes during the opening session of Monday.
EGX20 went down by 0.70% to 10574.57 p.
The mid- and small-cap index, the EGX70 fell by 0.15% to 571.32 p. Price index EGX100 dropped by 0.30% to 1135.18 p.
Furthermore, market capitalization reached EGP 509.679 billion, according to data compiled by Amwal Al Ghad English at 11:03 a.m. Cairo time (09:03 GMT).
Trading Volumes & Values
The trading volume has reached 16.776 million securities worth EGP 66.551 million, exchanged through 2136 transactions during Monday opening.
Also during the opening session, 91 listed securities have been traded in; 50 fell, 10 advanced; while 31 keeping their previous levels.
The non-Arab foreign and Arab investors were net sellers at early trade seizing 26.82% and 8.2% respectively of the total markets, with a net equity of EGP 5.406 million and EGP 5.721 million, excluding the deals.
On the other hand, local investors were net buyers capturing 64.98% of the total market, with a net equity of EGP 11.128 million, excluding the deals.