Egypt’s Main Gauge Falls Below 4595 Pts – Midday

Egypt’s stock market has shed EGP 598 million during the midday session of Monday driven by local selling pressures.

The Egyptian Exchange’s indices were wavering in red notes on Monday noon, except for the EGX20 which solely rose.

Benchmark EGX30 edged down by 0.26% to 4592.1 p; while EGX20 rose by 0.09% to 5052.35 p.

On the other hand, the mid- and small-cap index, the EGX70 dropped by 0.05% to 351.66 p.  Price index EGX100 also went down  by 0.33% to 621.16 p.

The capital market has amounted to EGP 313.899 billion, according to data compiled by Amwal Al Ghad English at 12:43 p.m. Cairo time (10:43 GMT) during the midday session of Monday.

Trading Volumes & Values

The trading volume has recorded 20.325 million securities worth EGP 58.191 million, exchanged through 4135 transactions during Monday midday.

Also during the midday session, 115 listed securities have been traded in; 60 declined, 27 advanced; while 28 steadied.

Investors’ Activities

Egyptian investors’ selling pressures have driven EGX’s midday losses as they were net sellers seizing 83.28% of the total markets, with a net equity of EGP 11.774 million excluding the deals.

Meanwhile,  the non-Arab foreigners and Arabs were net buyers seizing 10.72% and 6.01% respectively, of the total markets, with a net equity of EGP 1.627 million and EGP 10.146 million, excluding the deals.