Egypt stocks tumbled on foreign profit taking Sunday

Egypt’s stock market fell Sunday on profit taking as some of the best performing shares on Thursday gave back some gains.

Main index, EGX30 dipped 0.04 percent, to 8274.15 points as two-thirds of the stocks declined.

Other indices; EGX50 EWI index dropped 0.52 percent, to 1264.65 points; EGX20 fell 0.14 percent, to 8135.17 points.

Mid- and small-cap index EGX70 added 0.01 percent, to 335.47 points. Price index, EGX100 grew 0.22 percent, to 793.38 points.

Market Cap

Market capitalisation incurred losses worth 1.026 billion Egyptian pounds ($115.6 million), to record 407.638 billion pounds during the closing session of Sunday.

Turnovers

The bourse’s trading volume reached 133.329 million securities, with turnovers, closing at 378.208 million pounds, exchanged through 13,646 transactions.

Also during the closing session, 158 listed securities have been traded in, 74 declined, 43 advanced; while 39 kept their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net sellers controlling 5.97 and 11.87 percent respectively of the total markets, with a net equity of 4.290 million pounds and 40.859 million pounds, respectively, excluding the deals.

On the contrary, local investors were net buyers capturing 82.16 percent of the total market, with a net equity of 45.150 million pounds, excluding the deals.