Stocks in Egypt Tumble on Sunday, Lose EGP3.3bn at Midday

Egypt’s stocks registered losses worth 3.3 billion Egyptian pounds during midday trade on Sunday driven by foreign investors’ sales . Consequently, the country’s main stock index, EGX30 further fell below 9595 points.

Indices

The Benchmark EGX30 sagged by 1.05% to 9595.69 p, and EGX20 tumbled by 1.28% to 11209.13 p.

In addition, the mid- and small-cap index, the EGX70 plummeted by 0.4% to 617.84 p. Yet, the Price index EGX100 retreated by 0.63% to 1136.79 p.

Furthermore, market capitalization reached EGP 521.195 billion, according to data compiled by Amwal Al Ghad English on Sunday at 13:14 p.m. Cairo time (10:14 GMT).

Trading Volumes & Values

The trading volume has recorded 45.2 million securities worth EGP 134.5 million, exchanged through 7 thousand transactions during Sunday midday.

Also during the midday session, 133 listed securities have been traded in; 90 fell, 19 advanced; while24 keeping their previous levels.

Investors’ Activities

Foreign investors were net sellers at midday trade seizing 8.76% with a net equity of EGP 2.5 million, excluding the deals.

On the other hand, the Arab and Egyptian  investors were net buyers capturing 4.46% and 2.36% respectively of the total market, with a net equity of EGP 2.1 million and EGP464.3 thousand  excluding the deals.