During Monday’s midday, the Egyptian Exchange (EGX) has incurred losses of EGP 2.1 billion driven by the non-Arab foreign selling pressures.
The capital market has amounted to EGP 361.846 billion, according to data compiled by Amwal Al Ghad English at 1:11 p.m. Cairo time (11:11 GMT) during Monday’s midday session.
The EGX indices were in red notes during the midday session.
Benchmark EGX30 tumbled by 0.57% to 5269.98 p; while EGX20 inched down by 0.77% to 6150.38 p.
Meanwhile, the mid- and small-cap index, the EGX70 pushed down by 1.06% to 453.35 p. Price index EGX100 declined by 0.91% to 756.13 p.
During Monday’s midday session, the trading volume has reached 60.070 million securities worth EGP 210.380 million, exchanged through 13.628 transactions.
This was after trading in 148 listed securities; 102 declined, 16 advanced; while 30 keeping their previous levels.
The non-Arab foreigners’ selling pressures have driven EGX’s midday losses as they were net sellers seizing 24.97% of the total markets, with a net equity of EGP 13.311 million excluding the deals.
Meanwhile, Egyptians and Arabs were net buyers seizing 70.58% and 4.45% respectively, of the total markets, with a net equity of EGP 9.392 million and EGP 3.919 million, excluding the deals.
Ex-President’s Release News:
The ousted Egyptian president Hosni Mubarak was cleared of charges against him on Monday after a court ruled that he was not guilty, Al Arabiya’s correspondent reported on Monday.
Mubarak arrived on Monday at a Cairo court that considered his appeal for release from detention. The judge announced that Muabark’s release is pending, on the basis of other charges against him.
The appeal was submitted by Mubarak’s lawyer to Cairo’s Court of Appeals saying that the 84-year-old ex-president exceeded his maximum term of temporary detention, the state news agency MENA reported.
Mubarak is facing retrial on charges of complicity in the murder of protesters killed in the uprising that unseated him.
