Stocks in Egypt start week 0.39% lower

Egypt’s stock market traded lower on Sunday weighed by non-Arab foreign investors’ selling pressures. Main index, EGX30 tumbled 0.39 percent, to 8223.46 points.

Other indices; EGX50 EWI index rose 0.09 percent, to 1407.93 points; EGX20 fell 0.66 percent, to 8478.49 points.

Mid- and small-cap index EGX70 added 0.33 percent, to 361.64 points. Price index, EGX100 increased 0.11 percent, to 795.35 points.

Market Cap

Market capitalisation lost 1.26 billion Egyptian pounds ($140.8 million), to record 417.745 billion pounds during the closing session of Sunday.

Turnovers

The bourse’s trading volume reached 239.446 million securities, with turnovers, closing at 612.639 pounds, exchanged through 18,375 transactions.

Also during the closing session, 168 listed securities have been traded in, 59 declined, 62 advanced; while 43 kept their previous levels.

Investors’ Activities

Non-Arab foreign were net sellers capturing 9.22 percent of the total market, with a net equity of 23.619 million pounds, excluding the deals.

On the contrary, local investors and Arab investors were net buyers controlling 84.82 and 5.95 percent respectively of the total markets, with a net equity of 3.364 million pounds and 20.254 million pounds, respectively, excluding the deals.