Egypt Turmoil Drags Stocks to Lose EGP817 mln by Closing

Amid the ongoing turmoil, Egypt’s stock market has ended Sunday lower encountering losses of EGP 817 million. The benchmark alongside the price index fell during Sunday closing session.

The Egyptian Exchange’s indices ended in mixed notes.

Egypt’s benchmark index EGX30 inched down by 0.66% to close at 5317.06 p; while the EGX20 rose by 0.33% to end at 6222.96 p.

Meanwhile, the mid- and small-cap index, the EGX70 advanced by 0.76% to conclude 428.44 p.  The price index EGX100 fell by 0.19% to finish 731.24 p.

The capital market has closed at EGP 356.670 billion on Sunday.

Local, Arab Buyers

Egyptians and Arabs were net sellers seizing 89.78% and 5.46% respectively, of the total markets, with a net equity of EGP 46.765 thousand and EGP 2.900 million, excluding the deals.

Meanwhile,  the non-Arab foreigners remained net buyers seizing 4.77% of the total markets, with a net equity of EGP 2.947 million excluding the deals.

Lower Traded Volumes & Trades

Through the closing session of Sunday, the trading volume has reached 63.568 million securities. For the traded value, it hit EGP 153.643 million, exchanged through 10.755 thousand transactions.

Also during the closing session, 154 listed securities have been traded in; 31 declined, 93 advanced; while 30 keeping their previous levels.