Egypt Stocks start this Week Trading lower

Egypt’s stock market shares kicked off a new week lower with losses totalling 1.6 billion Egyptian pounds (US$223.8 million) driven by Arab investors’ selling pressures.

The country’s main stock index, EGX30 also closed lower on Sunday below 9535 points.

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

Indices:

The main stock index, EGX30 fell by 0.26 per cent to 9530.92 points. EGX20 rose by 0.20 per cent to 10649.25 points.

Meanwhile, the mid- and small-cap index EGX70 inched down by 0.86% to 572.19 points. The price index, EGX100 also tumbled by 1.28% to 1138.63 points.

Turnovers below EGP1 billion
Through the closing session of Sunday, the trading volume has reached 84.347 million securities, with turnovers worth EGP 980.180 million, exchanged through 18.563 thousand transactions.                     
Also during the closing session, 187 listed securities have been traded in; 108 declined, 48 advanced; while 25 kept their previous levels.
Furthermore, the market capitalization recorded EGP 511.470 billion on Sunday.

Investors’ Activities

Arab investors were net sellers on Sunday seizing 3.48% of the total market, with a net equity of EGP 15.749 million, excluding the deals.

On the other hand, local and the non-Arab foreign investors were net buyers capturing 93.14% and 3.38% respectively of the total markets, with a net equity of EGP 11.836 million and EGP 3.913 million, respectively, excluding the deals.