Egypt Stocks start week mostly Lower on Foreign Selloff

Egypt’s stocks closed mostly lower on Sunday with losses worth 2.2 billion Egyptian pounds (US$288 million) on foreign investors’ selloffs.

The market capitalization has hit 499.432 billion pounds during the closing session of Sunday.

Indices:

Egypt’s benchmark index, EGX30 tumbled by 0.58 percent to close at 8692 points. EGX20 fell by 0.86 percent to 9093.48 points.

In addition, the mid- and small-cap index EGX70 rose by 0.20 percent to 470.15 points. The price index, EGX100 dipped by 0.01 percent to 468.53 points.

Turnovers Too Humble
On Sunday, the bourse’s trading volume has recorded 75.839 million securities, with turnovers closed at EGP 220.074 million, exchanged through 11.693 thousand transactions.

Also during the closing session, 160 listed securities have been traded in; 84 declined, 40 advanced; while 35 kept their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers on Sunday seizing 9.43% and 6.26% respectively of the total markets, with a net equity of EGP 294.112 thousand and EGP 253.235 thousand, respectively, excluding the deals.

On the contrary, local investors were net buyers acquiring 84.32% of the total market, with a net equity of EGP 547.347 thousand, excluding the deals.