Egypt’s Main Index Falls Below 5340 Pts, EGX70 Solely Up – Midday

Egypt’s bourse incurred losses of EGP 1.25 billion driven by the foreign selling pressures during the midday session of Monday.

The Egyptian Exchange’s indices were in red notes on Monday noon, except for the mid- and small-cap index, the EGX70 which solely advanced.

Benchmark EGX30 dropped by 0.71% to 5336.95 p. EGX20 also fell by 0.75% to 6049.95 p.

On the other hand, the mid- and small-cap index, the EGX70 rose by 0.17% to 439.06 p.  Price index EGX100 went down by 0.02% to 738.86 p.

The capital market has amounted to EGP 357.529 billion, according to data compiled by Amwal Al Ghad English at 12:50 p.m. Cairo time (10:50 GMT) during the midday  session of Monday.

Trading Volumes & Values:

The trading volume has recorded 29.853 million securities worth EGP 168.049 million, exchanged through 6910 transactions during Monday’s midday.

Also during the midday session, 145 listed securities have been traded in; 84 declined, 24 advanced; while 37 steadied.

Investors’ Activities:

The non-Arab foreigners and Arabs’ selling pressures have driven EGX’s midday losses as they were net sellers seizing 36.31% and 10.21% respectively, of the total markets, with a net equity of EGP 10.777 million and EGP 2.139 million, excluding the deals.

Meanwhile, Egyptians were net buyers seizing 53.48% of the total markets, with a net equity of EGP 12.917 million excluding the deals.