Egypt’s stocks start this week lower with closing losses totalling 404 million pounds on Sunday driven by local and Arab sell-offs. In return, the country’s main stock index – EGX30 closed trading below 8130 points.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering in red notes on Sunday afternoon.
Egypt’s benchmark index EGX30 closed 0.17 per cent lower to 8126.33 pts; while EGX20 finished 0.39 per cent down to 9787.9 pts.
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.42 per cent to end at 648.4 pts. The price index EGX100 also dropped by 0.29 per cent to conclude at 1112.28 pts.
Furthermore, the market capitalization recorded EGP 491.240 billion on Sunday.
Turnovers above One Billion Pounds
Through the closing session of Sunday, the trading volume has reached 389.736 million securities, with turnovers worth EGP 1.109 billion, exchanged through 43.294 thousand transactions.
Also during the closing session, 178 listed securities have been traded in; 97 declined, 63 advanced; while 18 keeping their previous levels.
Egyptian and Arab investors were net sellers on Sunday seizing 91.69% and 4.89% respectively of the total markets, with a net equity of EGP 17.496 million and EGP 42.524 million respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net buyers capturing 3.42% of the total market, with a net equity of EGP 60.020 million, excluding the deals.