Egypt’s stocks ended lower on Monday incurring losses worth 3 billion Egyptian pounds amid local and Arab investors’ sell-offs. Consequently, the country’s main stock index, EGX30 further retreated below 8475 points.
Meanwhile, the Egyptian Exchange’s indices were wavering in red notes during closing session of Monday, except for mid- and small-cap index, the EGX70, which solely rose.
EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time.
Indices
Egypt’s benchmark index EGX30 ended 1.22 per cent lower to 8471.15 pts; while EGX20 finished 1.24 per cent down to 10177.63 pts.
In addition, the mid- and small-cap index, the EGX70 rose by 0.30 per cent to finish at 612.94 pts. The price index EGX100 dipped by 0.01 per cent to conclude at 1082.16 pts.
Furthermore, the market capitalization recorded EGP 488.859 billion on Monday.
Turnovers Remain above EGP 1 billion
Through the closing session of Monday, the trading volume has reached 97.615 million securities, with turnovers worth EGP 1.537 billion, exchanged through 14.076 transactions.
Also during the closing session, 170 listed securities have been traded in; 94 declined, 48 advanced; while 22 kept their previous levels.
Investors’ Activities
Local and Arab investors were net sellers on Monday seizing 94.98% and 1.44% respectively of the total markets, with a net equity of EGP 31.728 million and EGP 17.591 million respectively, excluding the deals.
On the contrary, the non-Arab foreign were net buyers capturing 3.58% of the total market, with a net equity of EGP 49.319 million, excluding the deals.
