Egypt Stocks start new Week in red, lose EGP5.6 billion

Egypt stock market shares incurred losses on Sunday worth 5.6 billion Egyptian pounds (US$734.1 million) driven by local and non-Arab foreign selling pressures. Consequently, the country’s main stock index, EGX30 retreated further below 9355 points.

The rest of the Egyptian Exchange’s indexes were wavering in red notes during the closing session of Sunday.

Indices:

The benchmark index, EGX30 pushed down by 1.72 percent to close at 9354.73 points. EGX20 sank by 2.05 percent to 10069.73 points.

In addition, the mid- and small-cap index EGX70 plummeted by 2.33 percent to 528.18 points. The price index, EGX100 sagged by 1.88 percent to 1078.25 points.

Humble Turnovers
On Sunday, the trading volume has reached 93.742 million securities, with turnovers closed at EGP 398.620 million, exchanged through 15.842 thousand transactions.

Also during the closing session, 170 listed securities have been traded in; 133 declined, 13 advanced; while 21 kept their previous levels.

The market capitalization recorded EGP 514.775 billion on Sunday.

Investors’ Activities

Local and non-Arab foreign investors were net sellers on Sunday seizing 82.22% and 10.88% respectively of the total markets, with a net equity of EGP 9.365 million and EGP 10.825 million, respectively, excluding the deals.

On the other hand, Arab investors were net buyers capturing 6.9% of the total market, with a net equity of EGP 20.191 million, excluding the deals.