Local Selling Pressures Drag Egypt Shares to Lose EGP680 mln at Close

Egypt’s bourse incurred today losses totaled 680 Egyptian pounds driven by local selling pressures. In return, Egypt’s main bourse index also closed lower below 7410 points.

The Egyptian Exchange (EGX) indices were wavering in red notes on Monday afternoon.

Indices

Egypt’s benchmark index EGX30 ended 0.37 per cent lower to 7408.86 pts; while EGX20 finished 0.29 per cent down to 8834.54 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.35% to close at 588.15 pts. The price index EGX100 went down by 0.38 per cent to conclude at 997.77 pts.  
Furthermore, the market capitalization recorded EGP 453.768 billion on Monday.

Turnovers
Through the closing session of Monday, the trading volume has reached 289.559 million securities, with turnovers worth EGP 721.900 million, exchanged through 32.363 thousand transactions.           
Also during the closing session, 181 listed securities have been traded in; 110 declined, 56 advanced; while 15 keeping their previous levels.

Investors’ Activities

Egyptians were net sellers capturing 92.66% of the total market, with a net equity of EGP 7.038 million, excluding the deals.

On the contrary, the non-Arab foreigners and Arabs were net buyers seizing 4.15% and 3.18% respectively of the total markets, with a net equity of EGP 185.744 thousand and 6.852 million respectively, excluding the deals.