Following the Eid El-Fitr holidays, Egypt’s stocks have ended the first day of trading of this week encountering losses totaled EGP 1.3 billion driven by foreign selling pressures. The main gauge maintained its rally during the closing session to hit 5638 pts.
The Egyptian Exchange’s indices were wavering in mixed notes during the closing session of Monday. Egypt’s benchmark index EGX30 inched up by 0.39% to close at 5638.29 p; while the EGX20 rose by 0.26% to end at 6524.98 p.
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.52% to conclude at 429.19 p. The price index EGX100 sagged by 0.37% to finish at 740.79 p.
The capital market has closed the week at EGP 363.119 billion on Monday.
Traded Volumes & Trades
Through the closing session of Monday, the trading volume has reached 98.351 million securities. For the traded value, it hit EGP 500.247 million, exchanged through 16.670 thousand transactions.
Also during the closing session, 159 listed securities have been traded in; 97 declined, 34 advanced; while 28 keeping their previous levels.
Investors’ Activity
The non-Arab foreigners and Arabs’ selling pressures triggered EGX’s closing losses as they were net sellers seizing 26.86% and 3.83% respectively, of the total market, with net equities of EGP 77.312 million and EGP 6.909 million, excluding the deals.
Meanwhile, Egyptians remained net buyers seizing 69.31% of the total market, with a net equity of EGP 84.222 million, excluding the deals.
