Egypt’s Benchmark Sheds 1.29%, Ends Monday Below 5310 Pts

Egypt bourse has ended sessions of Monday encountering losses of EGP 2.7 billion driven by the local and Arab selling pressures.

Accordingly, the Egyptian Exchange’s indices closed on red notes by Monday afternoon.

Egypt’s benchmark index EGX30 pushed down by 1.29% to close at 5305.52 p; while the EGX20, it sank by 1.43% to end at 6009.02 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.89% to conclude at 434.43 p.  The price index EGX100 also inched down by 0.81% to finish at 733.04 p.

The capital market has closed at EGP 356.085 billion on Monday.

Traded Volumes & Trades:

During the closing session of Monday, the trading volume reached 68.593 million securities. For the traded value, it reached EGP 316.917 million, exchanged through 14.652 thousand transactions.

During the closing session of Monday, 171 listed securities have been traded in; 114 declined, 23 advanced; while 34 keeping their previous levels.

Investors’ Activity:

Egyptians and the Arabs’ selling pressures have driven EGX’s closing losses as they were net sellers seizing 63.51% and 7.28% respectively, of the total markets, with a net equity of EGP 1.313 million and 1.963 million excluding the deals.

Meanwhile, the non-Arab foreigners were net buyers seizing 29.21% of the total markets, with a net equity of EGP 3.276 million, excluding the deals.