Egyptian Shares Opened a New Week Mixed, EGX30 below 8710

Big 5

Egypt’s stocks opened a new week lower incurring humble losses worth 202 million Egyptian pounds driven by early foreign profit-taking. In return, the main stock index, EGX30 fell below 8710 points at early trade on Sunday.

Meanwhile, the Egyptian Exchange (EGX)’s indices were wavering in mixed notes during the opening session of Sunday.

The Benchmark EGX30 dropped by 0.23% to 8707.54 p, and EGX20 dipped by 0.08% to 10480.32 p.

On the contrary, the mid- and small-cap index, the EGX70 rose by 0.10% to 624.29 p.  Price index EGX100 increased by 0.06% to 1090.34 p.

Furthermore, market capitalization reached EGP 497.690 billion, according to data compiled by Amwal Al Ghad English at 11:17 a.m. Cairo time (08:17 GMT as Egypt turned to Daylight saving time).

Trading Volumes & Values

The trading volume has recorded 41.574 million securities worth EGP 99.580 million, exchanged through 3451 transactions during Sunday opening.

Also during the opening session, 88 listed securities have been traded in; 27 fell, 40 advanced; while 21 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers seizing at opening trade on Sunday 2.03% and 1.82% respectively of the total markets, with a net equity of EGP 1.525 million and EGP 518.961 thousand respectively, excluding the deals.

On the other hand, Egyptian investors were net buyers capturing 96.15% of the total market, with a net equity of EGP 2.044 million, excluding the deals.