Egyptian Stocks Tumble on Sunday, Lose EGP2.6 billion

Egypt’s stocks closed lower on Sunday incurring losses totalling 2.6 billion Egyptian pounds driven by local investors’ selling pressures. In return, the country’s main stock index, EGX30 retreated below 8805 points.

Meanwhile, the Egyptian Exchange’s indices were wavering in red notes during closing session of Sunday.

Indices

Egypt’s benchmark index EGX30 ended 0.27 per cent lower to 8802.29 pts; while EGX20 finished 0.15 per cent down to 10500.25 pts.     
In addition, the mid- and small-cap index, the EGX70 dropped by 0.74 per cent to finish at 623.55 pts. The price index EGX100 plummeted by 0.46 per cent to conclude at 1103.66 pts.  
Furthermore, the market capitalization recorded EGP 498.393 billion on Sunday.

Turnovers below EGP One billion
Through the closing session of Sunday, the trading volume has reached 163.059 million securities, with turnovers worth EGP 822.337 million, exchanged through 27.073 transactions.               
Also during the closing session, 185 listed securities have been traded in; 94 declined, 55 advanced; while 33 kept their previous levels.

Investors’ Activities

Local investors were net sellers on Sunday seizing 93.68% of the total market, with a net equity of EGP 23.612 million, excluding the deals.

On the contrary, the non-Arab foreign and Arab investors were net buyers acquiring 2.22% and 4.1% respectively of the total markets, with a net equity of EGP 5.828 million and EGP 17.783 million respectively, excluding the deals.