Egypt’s shares opened lower on Tuesday incurring losses of EGP 441 million battered by Arab selling pressures.
The Benchmark EGX30 declined by 0.15 % to 5757p; while EGX20 fell by 0.2 % to 496p.
On the other hand, the mid- and small-cap index, the EGX70 slumped by 0.35% to 492.89 p. Price index EGX100 dipped by 0.05 % to 829p.
Trading Volumes & Values
The trading volume has recorded 5.6million securities worth EGP 13.7 million, exchanged through 688 transactions during Tuesday opening.
Also during the opening session, 71 listed securities have been traded in; 32 fell, 15advanced; while 24 keeping their previous levels.
Arabs were net sellers driving EGX’s early losses for they seized 31.02%, of the total markets, with a net equity of EGP 2.6 million excluding the deals.
Meanwhile, Egyptians and the non-Arab foreigners were net buyers acquiring 62.57% and 6.41% respectively of the total markets, with a net equity of EGP 887thousand and EGP 1.8 million respectively, excluding the deals.