Egypt’s Main Index Falls to 8405 amid Foreign Profit-takers

Egypt’s stock market ended higher on Monday with gains totalling 545 million pounds. Yet, the non-Arab foreign profit-takers drove the main stock index – EGX30 to go further lower to 8405 points.

Meanwhile, the Egyptian Exchange (EGX) indices were wavering in mixed notes on Monday afternoon.

Indices

Egypt’s benchmark index EGX30 closed 0.54 per cent lower to 8405.46  pts; while EGX20 finished 0.27 per cent down to 10153.08 pts.     
In addition, the mid- and small-cap index, the EGX70 increased by 0.49 per cent to end at 636.1 pts. The price index EGX100 rose by 0.25 per cent to conclude at 1109.26 pts.  
Furthermore, the market capitalization recorded EGP 491.956 billion on Monday.

Turnovers below One Billion Pounds
Through the closing session of Monday, the trading volume has reached 226.993 million securities, with turnovers worth EGP 843.481 million, exchanged through 34.240 thousand transactions.             
Also during the closing session, 180 listed securities have been traded in; 111 declined, 53 advanced; while 16 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors were net sellers seizing on Monday 4.69% of the total market, with a net equity of EGP 20.412 million, excluding the deals.

On the other hand, Egyptian and Arab investors were net buyers capturing 88.5% and 6.8% respectively of the total markets, with a net equity of EGP 16.168 million and EGP 4.243 million respectively, excluding the deals.

Companies’ Activities

At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price decline on Monday by 0.15 percent to EGP 13.10.

Market bellwether Commercial International Bank S.A.E. (COMI.CA) inched down by 1.28 percent to EGP 37.65.

In the real estate sector, Palm Hills Development Company (PHDC.CA) advanced by 0.24 percent to trade at EGP 4.13, Talaat Moustafa Group Holding (TMGH.CA) also went up by 0.24 percent to trade at EGP 8.50, while Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) sagged by 2.28 percent to close at EGP 29.10.

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