Egypt’s Indices Open This Week In Red, EGX30 Falls Below 4635 Pts

Egypt’s stock market has opened Sunday’s sessions incurring losses of EGP 616 million driven by early local selling pressures,

Accordingly, the Egyptian Exchange’s indices were wavering to red notes on Sunday morning.

Benchmark EGX30 inched down by 0.43% to 4631.53 p. EGX20 also fell by 0.53% to 5066.11 p.

On the other hand, the mid- and small-cap index, the EGX70 dropped by 0.16% to 353.74 p.  Price index EGX100 went down  by 0.04% to 627.03 p.

The capital market has amounted to EGP 316.034 billion, according to data compiled by Amwal Al Ghad English at 11:07 a.m. Cairo time (09:07 GMT) during the opening session of Sunday.

Trading Volumes & Values:

The trading volume has recorded 6.015 million securities worth EGP 7.411 million, exchanged through 775 transactions during Sunday opening.

Also during the opening session, 71 listed securities have been traded in; 34 declined, 4 advanced; while 33 steadied.

Investors’ Activities:

Egyptian investors’ selling pressures have driven EGX’s early losses as they were net sellers seizing 85.06% of the total markets, with a net equity of EGP 613.654 thousand excluding the deals.

Meanwhile,  the non-Arab foreigners and Arabs were net buyers seizing 12.49% and 2.45% respectively, of the total markets, with a net equity of EGP 335.201 thousand and EGP 278.453 thousand, excluding the deals.