Egypt’s bourse has opened this week incurring losses of EGP 583 million driven by early local and Arab selling pressures.
The Egyptian Exchange’s indices opened in mixed notes on Sunday morning.
Benchmark EGX30 fell by 0.28% to 5423.58 p. EGX20 also dropped by 0.05% to 6137.58 p.
Meanwhile, the mid- and small-cap index, the EGX70 advanced by 0.08% to 440.81 p. Price index EGX100 went up by 0.09% to 742.25 p.
The capital market has amounted to EGP 360.852 billion, according to data compiled by Amwal Al Ghad English at 11:01 a.m. Cairo time (09:01 GMT) during the opening session of Sunday.
Trading Volumes & Values:
The trading volume has recorded 3.122 million securities worth EGP 12.923 million, exchanged through 611 transactions during Sunday’s opening.
Also during the opening session, 48 listed securities have been traded in; 6 declined, 13 advanced; while 29 steadied.
The Egyptians and Arabs’ selling pressures have driven EGX’s morning losses as they were net sellers seizing 78.17% and 3.18% respectively, of the total markets, with a net equity of EGP 917.353 thousand and EGP 57.067 thousand, excluding the deals.
Meanwhile, non-Arab foreigners were net buyers seizing 18.65% of the total markets, with a net equity of EGP 974.420 thousand excluding the deals.