Egypt Unrest Drives Main Gauge to Close Further Below 5330 pts

As political unrest still mounts amid the deaths of 36 Islamist detainees and 25 policemen in Sinai, Egypt’s stocks ended lower on Monday incurring losses of EGP 111 million. The main gauge further closed below 5330 pts.

After halting sessions last Thursday, the Egyptian Exchange (EGX) is resuming normally its sessions this week but with trading hours shortened to three hours only instead of four. This comes after the Egyptian central bank (CBE) said the banks will re-open this week from 9:00 a.m. to 12:00 p.m. (07:00 – 10:00 GMT).

Egypt’s benchmark index EGX30 dipped by 0.10% to close at 5329.19; while the EGX20 steadied at 6202.49 p. 
Meanwhile, the mid- and small-cap index, the EGX70 inched down by 1.20% to conclude at 426.13 p. The price index EGX100 sagged by 1.08% to finish at 729.59 p.

The capital market has closed at EGP 353.024 billion on Monday.

Lower Traded Volumes & Trades
Through the closing session of Monday, the trading volume has reached 75.001 million securities. For the traded value, it hit EGP 259.297 million, exchanged through 14.154 thousand transactions.  

Also during the closing session, 147 listed securities have been traded in; 31 declined, 31 advanced; while 27 keeping their previous levels.

Investors’ Activity
The non-Arab foreigners were net sellers triggering EGX’s closing losses as they seized 21.69% of the total market, with a net equity of EGP 58.741 million, excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers seizing 72.42% and 5.89% respectively, of the total market, with net equities of EGP 45.857 million and EGP 12.883 million, excluding the deals.