Egyptian Stocks start new Week mixed, lose EGP2.2 billion

Egypt’s stocks start this week incurring losses worth 2.2 billion Egyptian pounds (US$288.3 million) driven by local and non-Arab investors’ sell-offs. Yet, the country’s main stock index, EGX30 rebounds above 9490 points on Sunday.

Meanwhile, the rest of the Egyptian Exchange’s indices were wavering on mixed notes during the closing session of Sunday.

Indices:

The EGX30 went up by 0.14 percent to close at 9494.55 points. EGX20 rose by 0.03 percent to 10420.81 points.

In addition, the mid- and small-cap index EGX70 edged lower by 0.09% to 573.53 points. The price index, EGX100 remained with no change at 1139.83 points.

Turnovers below EGP1 billion
Throughout the closing session of Sunday, the trading volume has reached 70.324 million securities, with turnovers climbed to EGP 307.170 million, exchanged through 10.907 thousand transactions.                       
Also during the closing session, 169 listed securities have been traded in; 67 declined, 65 advanced; while 34 kept their previous levels.
Furthermore, the market capitalization recorded EGP 513.340 billion on Sunday.

Investors’ Activities

Local and non-Arab foreign investors were net sellers on Sunday seizing 90.82% and 5.58% respectively of the total markets, with a net equity of EGP 342.899 thousand and EGP 3.101 million, respectively, excluding the deals.

On the other hand, Arab investors were net buyers capturing 3.6% of the total market, with a net equity of EGP 3.444 million, excluding the deals.