Egyptian Exchange incurs Losses worth US$358mn

Egypt’s stock market declined Monday with losses worth 2.8 billion Egyptian pounds (US$357.6 million) on Arab selling pressures.

The market capitalisation has reached 493.656 billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 decreased by 0.87 percent to 8087.54 points.

The newly-launched EGX50 EWI index sagged by 0.84 percent to 1441.48 points.

EGX20 slumped by 1.03 percent to 8150.1 points.

In addition, the mid- and small-cap index EGX70 dropped by 0.97 percent to 453.54 points. The price index, EGX100 declined by 0.20 percent to 936.94 points.

Turnovers low

On Monday, the bourse’s trading volume has hit 171.155 million securities, with turnovers closed at EGP 585.259 million, exchanged through 20.234 thousand transactions.

Also during the closing session, 166 listed securities have been traded in; 108 declined, 20 advanced; while 34 kept their previous levels.

Investors’ Activities

Egyptian and  non-Arab investors were net buyers on Monday seizing 79.14% and 14.73% respectively of the total markets, with a net equity of EGP 3.891 million and EGP 6.360 million, respectively, excluding the deals.

On the contrary, Arab investors were net sellers getting 6.13% of the total market, with a net equity of EGP 10.252 million, excluding the deals.