Stocks in Egypt Open Mixed as New Month Starts

Egypt’s stocks open a new month today in mixed notes encountering mild losses worth 16 million Egyptian pounds amid local and non-Arab foreign investors’ early selling pressures.

In addition, the country’s main stock index, EGX30 started trading on Monday higher above 9310 points.

Indices

The Benchmark EGX30 rose by 0.04% to 9311.59 p. In addition, EGX20 increased by 0.13% to 10843.79 p.

The mid- and small-cap index, the EGX70 dipped by 0.08% to 640.09 p.  Price index EGX100 decreased by 0.15% to 1149.42 p.

Furthermore, market capitalization reached EGP 522.011 billion, according to data compiled by Amwal Al Ghad English at 10:58 a.m. Cairo time (08:58 GMT).

Trading Volumes & Values

The trading volume has reached 41.463 million securities worth EGP 75.630 million, exchanged through 2934 transactions during Monday opening.

Also during the opening session, 103 listed securities have been traded in; 45 fell, 33 advanced; while 26 keeping their previous levels.

Investors’ Activities

Local and non-Arab foreign investors were net sellers at early trade seizing 85.13% and 1.37% respectively of the total markets, with a net equity of EGP 5.063 million and EGP 283.021 thousand, excluding the deals.

On the other hand, Arab investors were net buyers capturing 13.5% of the total market, with a net equity of EGP 5.346 million, excluding the deals.