Egypt stocks start week 1.51 lower on profit-taking

Egypt’s stock market dropped Sunday on local investors’ profit-taking. Main index, EGX 30 edged lower 1.36 percent, to 12251.06 points.

Other indices; EGX50 EWI index fell 1.51 percent, to 1913.58 points; EGX20 went down 1.64 percent, to 12350.84 points.

Mid- and small-cap index EGX70 decreased 1.70 percent, to 453.85 points. Price index, EGX100 also slipped 1.42 percent, to 1084.41 points.

Market Cap

Market capitalisation incurred losses worth 10 billion Egyptian pounds (around $ 528 million), to record 598.919 billion pounds during the closing session of Sunday.

Turnovers

The bourse’s trading volume reached 442.998 million securities, with turnovers, closing at 2.025 billion pounds, exchanged through 29,293 transactions.

Also during the closing session, 177 listed securities have been traded in, 116 declined, 25 advanced; while 32 kept their previous levels.

Investors’ Activities

Local investors were net sellers capturing 78.4 percent of the total market, with a net equity of 660.008 million pounds, excluding the deals.

On the contrary, non-Arab foreign and Arab investors were net buyers controlling 16.77 and 4.83 percent respectively of the total markets, with a net equity of 644.149 million pounds and 15.859 million pounds, respectively, excluding the deals.

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