Egypt’s EGX30 Falls below 5315 p, Indices Mixed – Midday

Driven by deteriorated political situation in Egypt, stock market has incurred losses of EGP 957 million during the midday session of Sunday. This comes in wake of reporting more than 69 deaths among the supporters of the ousted president in Nasr City district on early Saturday.

Therefore, the benchmark declined below 5315 pts.

The Egyptian Exchange’s indices were trading in mixed notes on Sunday noon.

Benchmark EGX30 inched down by 0.72% to 5313.8 p; while EGX20 rose by 1% to 6216.8 p.

On the other hand, the mid- and small-cap index, the EGX70 increased by 0.61% to 427.82 p.  Price index EGX100 went down 0.33% to 730.16 p.

The capital market has reached EGP 356.530 billion during the midday session of Sunday, according to data compiled by Amwal Al Ghad English at 12:25 p.m. Cairo time (10:25 GMT).

Trading Volumes & Values

The trading volume has recorded 27.354 million securities worth EGP 66.107 million, exchanged through 5.211 thousand transactions during Sunday midday.

Investors’ Activities

Arab investors started this week being net sellers seizing 7.07% of the total markets, with a net equity of EGP 1.947 million excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners were net buyers seizing 88.52% and 4.4% respectively, of the total markets, with a net equity of EGP 956.585 thousand and EGP 990.638 thousand, excluding the deals.