Local Sellers Drive Egypt Shares to Lose EGP6 bln at Close

Driven by local selling pressures, Egyptian shares have ended lower on Monday encountering massive losses of EGP 6.1 billion. Accordingly, the main gauge closed 2% lower on Monday.

The Egyptian Exchange indices were wavering in dark red notes Monday afternoon.

Egypt’s benchmark index EGX30 ended 2.01 per cent lower to 6070.35 pts, and the EGX20 also finished 2.15 per cent up to 7121.73 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 sank by 1.92 per cent to conclude at 507.42 pts. The price index EGX100 inched down by 1.84 per cent to close at 852.56 pts. 
The capital market has closed at EGP 394.910 billion on Monday.

Through the closing session of Monday, the trading volume has 157,584 million securities. For the traded value, it hit EGP 461,486 million, exchanged through 27,753 thousand transactions.    

Also during the closing session, 182 listed securities have been traded in; 144 declined, 28 advanced; while 7 keeping their previous levels.

Investors’ Activity
Egyptians were net sellers seizing 88.49% of the total market, with a net equity of EGP 8,407 million, excluding the deals.

On the other hand, Arabs and the non-Arab foreigners were net buyers acquiring 6.5% and 4.9% respectively, of the total market, with net equities of EGP 1,282 million and EGP 7,125 million, excluding the deals.