Shares in Egypt Lose EGP2.3 bln at Monday’s Close

Egypt’s shares pared its midday losses to incur total losses of EGP 2.3 billion at closing driven by foreign selling pressures. The benchmark index closed lower on Monday at 5620 pts.

The Egyptian Exchange indices were wavering in red notes during the closing session of Monday.

Egypt’s benchmark index EGX30 ended 0.83 per cent lower to 5620.53 pts, and the EGX20 also finished 1 per cent down to 6589.69 pts.  
Meanwhile, the mid- and small-cap index, the EGX70 dipped by 0.10 per cent to conclude at 486.14 pts. The price index EGX100 also dropped by 0.23 per cent to close at 811.26 pts.
The capital market has closed at EGP 377.733 billion on Monday.

Higher Turnovers  
Through the closing session of Monday, the trading volume has reached 110.390 million securities. For the traded value, it hit EGP 492.150 million, exchanged through 23.249  thousand transactions.    

Also during the closing session, 171 listed securities have been traded in; 109 declined, 42 advanced; while 20 keeping their previous levels.

Investors’ Activity
Arabs and the non-Arab foreigners were net sellers driving EGX’s closing losses for they seized 2.28% and 18.78% respectively, of the total market, with net equities of EGP 2.653 million and EGP 2.055 million, excluding the deals.

On the other hand, Egyptians were net buyers acquiring 78.95% of the total market, with a net equity of EGP 4.709 million, excluding the deals.