Home StocksEGX Egypt Shares Close Lower Driven by Foreign Sell-offs on Monday

Egypt Shares Close Lower Driven by Foreign Sell-offs on Monday

by Yomna Yasser

Egyptian stocks have ended Monday much lower encountering losses totaled EGP 714 million triggered by foreign selling pressures. The benchmark index has closed below 6645 points.

The Egyptian Exchange indices were wavering in red notes on Monday afternoon.

Egypt’s benchmark index EGX30 ended 0.52 per cent lower to 6644.27 pts, and EGX20 also finished 0.29 per cent down to 7710.76 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.37 per cent to conclude at 532.09 pts. The price index EGX100 went down by 0.27 per cent to close at 902.28 pts.  
The capital market has closed at EGP 418.503 billion on Monday afternoon.

Turnovers
Through the closing session of Monday, the trading volume has reached 133.405 million securities. For the traded value, it hit EGP 372.034 million, exchanged through 20.518 thousand transactions.          

Also during the closing session, 182 listed securities have been traded in; 119 declined, 42 advanced; while 21 keeping their previous levels.

Investors’ Activities

Arabs and the non-Arab foreigners were net sellers acquiring 2.25% and 4.66% respectively of the total markets, with a net equity of EGP 1.089 million and 22.973 million respectively, excluding the  deals.

On the contrary, Egyptians were net buyers seizing 93.09% of the total market, with a net equity of EGP 24.063 million, excluding the deals.

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