Egyptian Exchange losses US$140 mln, EGX70 solely rises

Egypt’s stock market edged lower Sunday with losses worth 1.1 billion Egyptian pounds (US$140.4 million) driven foreign sell-off.

The market capitalization has recorded 487.125 billion pounds during the closing session of Sunday.

Indices

Egypt’s benchmark index, EGX30 sagged by 1.02 percent to 8004.83 points.

EGX20 inched lower by 0.76 percent to 8044.84 points.

In addition, the mid- and small-cap index EGX70 solely boosted by 0.17 percent to 446.48 points. The price index, EGX100 dropped by 0.09 percent to 917.42 points.

Turnovers low

On Sunday, the bourse’s trading volume has hit 177.164 million securities, with turnovers closed at EGP 2.862 billion, exchanged through 23.244 thousand transactions.

Also during the closing session, 165 listed securities have been traded in; 58 declined, 67 advanced; while 32 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Sunday seizing 99.15% and 0.49% respectively of the total markets, with a net equity of EGP 3.087 million and EGP 2.360 million, respectively, excluding the deals.

On the contrary, the non-Arab investors were net sellers acquiring 0.36% of the total market, with a net equity of EGP 5.447 million, excluding the deals.