Egypt’s stock market ends in red, loses 4 billion pounds

Egyptian stock market inched down on Monday with losses estimated at four billion Egyptian pounds (US$ 217.6 million).

The market capitalisation recorded 612.216 billion pounds during the closing session of Monday on local selling pressures.

Indices

Egypt’s benchmark index, EGX30 decreased by 0.86 percent to 12781.16 points.

The EGX50 EWI index went down by 0.79 percent to 1984.4 points.

EGX20 sagged by 1.13 percent to 12981.91 points.

In addition, the mid- and small-cap index EGX70 dropped by 0.86 percent to 460.61 points. The price index, EGX100 dropped by 0.85 percent to 1104.36 points.

Turnovers

On Monday, the bourse’s trading volume has reached 534.000 million securities, with turnovers closed at 1.257 billion pounds, exchanged through 31,518 thousand transactions.

Also during the closing session, 181 listed securities have been traded in; 108 declined, 31 advanced; while 40 kept their previous levels.

Investors’ Activities

Arab and non-Arab investors were net buyers on Monday getting 5.82 percent and 12.98 percent respectively of the total markets, with a net equity of 31.731 million pounds and 39.595 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers seizing 81.2 percent of the total market, with a net equity of 71.326 million pounds, excluding the deals.