Egypt stocks start week lower on regional sell-off

Egypt’s stock market ended lower on Sunday triggered by regional investors’ sell-off.  Main index EGX30 slipped 0.60 percent, to 7486.13 points.

Other indices; EGX50 EWI index lost 0.77 percent, to 1392.11 points; while EGX20 fell 0.86 percent, to 7645.2 points.

Mid- and small-cap index EGX70 rose 0.14 percent, to 374.18 points. Price index, EGX100 went down 0.14 percent, to 783.98 points.

Market Caps

Market capitalisation incurred losses worth 2.7 billion Egyptian pounds ($303.8 million), to record 401.149 billion pounds during the closing session of Sunday.

Seven-month low Turnovers

The bourse’s trading volume hit 79.330 million securities, with turnovers, closing at 387.050 pounds, the lowest volumes in almost seven months.

Also during the closing session, 174 listed securities have been traded in, 21 declined, 106 advanced; while 40 kept their previous levels.

Investors’ Activities

Arab investors were net sellers capturing 4.26 percent of the total market, with a net equity of 4.532 million pounds, excluding the deals.

On the contrary, local and non-Arab foreign investors were net buyers controlling 91.24 and 4.26 percent respectively of the total markets, with a net equity of 4.316 million pounds and 215,697 pounds, respectively, excluding the deals.