During Thursday opening session, the Egyptian Exchange (EGX) has posted losses of EGP 1.2 billion as the capital market has amounted to EGP 358.579 billion, according to data compiled by Amwal Al Ghad at 11:06 a.m. Cairo time (09:06 GMT).
The EGX indices opened in red amid foreign early selling pressures.
The main index, EGX30 fell by 0.68% to 5123.21 p. EGX20 dropped by 0.39% to 5903.66 p.
Meanwhile, the mid- and small-cap index, the EGX70 dipped by 0.07% to 457.33 p. Price index EGX100 went down by 0.25% to 765.72 p.
This was after trading in 101 listed securities; 17 declined, 64 advanced; while 20 keeping their previous levels.
The non-Arab foreigners’ selling pressures have driven EGX’s opening losses as they were net sellers seizing 25.61% of the total markets, with a net equity of EGP 16.890 million excluding the deals.
On the other hand, Egyptians and Arabs were net buyers seizing 64.65% and 9.74% respectively, of the total markets, with a net equity of EGP 5.818 million and EGP 11.071 million excluding the deals.
