Egypt’s stock market shares incurred slight losses worth 347 million Egyptian pounds (US$46.6 million) on Monday amid Arab selloffs. The country’s main stock index, EGX30 retreated below 9835 points.
The Egyptian bourse had delayed trading this morning one minute 26 to mourn the death of Saudi King Abdullah. Accordingly, the session started at 10:01 a.m.
EGX was closed on January 25 on the occasion of the January 25 Revolution.
The rest of the Egyptian Exchange’s indices were wavering in mixed notes during the closing session of Monday.
The main stock index, EGX30 went down by 0.65 per cent to 9834.81 points. EGX20 plunged by 0.99 per cent to 10941.54 points.
Meanwhile, the mid- and small-cap index EGX70 rose by 0.50% to 572.81 points. The price index, EGX100 also grew by 0.12% to 1142 points.
Turnovers Surpass EGP3 billion
Through the closing session of Monday, the trading volume has reached 130.610 million securities, with turnovers climbed to EGP 3.121 billion, exchanged through 24.383 thousand transactions.
Also during the closing session, 182 listed securities have been traded in; 70 declined, 77 advanced; while 27 kept their previous levels.
Furthermore, the market capitalization recorded EGP 521.113 billion on Monday.
Local and non-Arab foreign investors were net buyers capturing on Monday 90.18% and 8.69% respectively of the total markets, with a net equity of EGP 8.421 million and EGP 14.115 million, respectively, excluding the deals.
On the other hand, Arab investors were net sellers seizing 1.14% of the total market, with a net equity of EGP 22.537 million, excluding the deals.