Egyptian stocks have opened Monday slightly lower incurring losses of EGP 172 million driven by local and non-Arab foreign selling pressures. The benchmark index started trading below 6675 points.
The Egyptian Exchange’s indices were wavering in red notes during opening.
The Benchmark EGX30 fell by 0.12% to 6670.67 p; while EGX20 also dipped by 0.02% to 7731.41 p.
Additionally, the mid- and small-cap index, the EGX70 dropped by 0.02% to 533.97 p. Price index EGX100 decreased by 0.05% to 904.27 p.
The capital market has opened on Monday at EGP 419.045 billion, according to data compiled by Amwal Al Ghad English at 11:18 a.m. Cairo time (09:18 GMT).
Trading Volumes & Values
The trading volume has recorded 32.482 million securities worth EGP 58.136 million, exchanged through 3101 transactions during Monday opening.
Also during the opening session, 119 listed securities have been traded in; 46 fell, 32 advanced; while 41 keeping their previous levels.
Investors’ Activities
Egyptians and the non-Arab foreigners were net sellers seizing 87.33% and 7.24% respectively of the total markets, with a net equity of EGP 3.270 million and EGP 488.958 thousand respectively, excluding the deals.
On the contrary, Arabs were net buyers acquiring 5.43% of the total market, with a net equity of EGP 3.759 million, excluding the deals.
