Egypt Stocks remain Bearish, with Losses exceeding EGP7 billion Monday

Egypt’s stocks continued their losing streak with losses worth 7.4 billion Egyptian pounds (around US$970 million) over non-Arab foreign selloffs on Monday.

The market capitalization has reached 495.390 billion pounds during the closing session of Monday.

Indices:

Egypt’s benchmark index, EGX30 pushed down by 1.16 percent to close at 8508.24 points. EGX20 dropped by 0.99 percent to 9158.71 points.

In addition, the mid- and small-cap index EGX70 tumbled by 1.40 percent to 483.08 points. The price index, EGX100 also fell by 1.17 percent to 985.59 points.

Turnovers surge
On Monday, the bourse’s trading volume has hit 158.114 million securities, with turnovers closed at EGP 1.108 billion, exchanged through 23.822 thousand transactions.

Also during the closing session, 175 listed securities have been traded in; 109 declined, 29 advanced; while 34 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net sellers on Monday seizing 9.9% of the total market, with a net equity of EGP 31.118 million, excluding the deals.

On the other hand, local and Arab investors were net buyers capturing 86.99% and 3.11% respectively of the total markets, with a net equity of EGP 10.349 million and EGP 20.769 million, respectively, excluding the deals.