Stocks Offsets Early Gains, EGX30 Falls 0.8% on Sunday

Egypt’s stocks ended Sunday’s trading with losses worth 2.1 billion Egyptian pounds amid local investors’ selling pressures. In return, the country’s main stock index, EGX30 closed trading bearish, below 8525 points.

The Egyptian Exchange’s indices were wavering in red notes during the closing session of Sunday.

Indices

Egypt’s benchmark index EGX30 ended 0.81 per cent lower to 8523.87 pts; and EGX20 finished 1.03 per cent down to 9728.88 pts.

In addition, the mid- and small-cap index, the EGX70 inched down by 0.65 per cent to finish at 568.46 pts. The price index EGX100 dropped by 0.81 per cent to conclude at 1041.92 pts.  
Furthermore, the market capitalization recorded EGP 484.572 billion on Sunday.

Turnovers above EGP One billion
Through the closing session of Sunday, the trading volume has reached 148.673 million securities, with turnovers worth EGP 1.197 billion, exchanged through 24.173 transactions.               
Also during the closing session, 182 listed securities have been traded in; 106 declined, 46 advanced; while 25 kept their previous levels.

Investors’ Activities

Local investors were net sellers on Sunday seizing 92.27% of the total market, with a net equity of EGP 10.229 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net buyers capturing 2.74% and 4.99% respectively of the total markets, with a net equity of 8.325 million and EGP 1.903 million, respectively, excluding the deals.