Egypt Stocks start this Week lower on Local Selloff

Egypt’s stocks ended Sunday lower with losses worth 3.5 billion Egyptian pounds (US$459 billion) driven by local investors’ selling pressures. The country’s main stock index, EGX30 retreated below 8635 points.

The market capitalization has hit 503.714 billion pounds during the closing session of Sunday.

Indices:

Egypt’s benchmark index, EGX30 inched down by 1.12 percent to close at 8633.86 points. EGX20 dropped by 1.25 percent to 9146.17 points.

In addition, the mid- and small-cap index EGX70 plummeted by 0.46 percent to 488.78 points. The price index, EGX100 fell by 0.51 percent to 984.22 points.

Turnovers climb
On Sunday, the bourse’s trading volume has recorded 91.883 million securities, with turnovers closed at EGP 1.173 billion, exchanged through 12.627 thousand transactions.

Also during the closing session, 162 listed securities have been traded in; 103 declined, 25 advanced; while 30 kept their previous levels.

Investors’ Activities

Local investors were net sellers on Sunday seizing 96.76% of the total market, with a net equity of EGP 14.177 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net buyers capturing 1.82% and 1.41% respectively of the total markets, with a net equity of EGP 10.404 million and EGP 3.772 million, respectively, excluding the deals.

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