Home StocksEGX Stocks in Egypt Tumble on Sunday, Lose EGP3.3bn at Midday

Stocks in Egypt Tumble on Sunday, Lose EGP3.3bn at Midday

by Salma Ayman

Egypt’s stocks registered losses worth 3.3 billion Egyptian pounds during midday trade on Sunday driven by foreign investors’ sales . Consequently, the country’s main stock index, EGX30 further fell below 9595 points.

Indices

The Benchmark EGX30 sagged by 1.05% to 9595.69 p, and EGX20 tumbled by 1.28% to 11209.13 p.

In addition, the mid- and small-cap index, the EGX70 plummeted by 0.4% to 617.84 p. Yet, the Price index EGX100 retreated by 0.63% to 1136.79 p.

Furthermore, market capitalization reached EGP 521.195 billion, according to data compiled by Amwal Al Ghad English on Sunday at 13:14 p.m. Cairo time (10:14 GMT).

Trading Volumes & Values

The trading volume has recorded 45.2 million securities worth EGP 134.5 million, exchanged through 7 thousand transactions during Sunday midday.

Also during the midday session, 133 listed securities have been traded in; 90 fell, 19 advanced; while24 keeping their previous levels.

Investors’ Activities

Foreign investors were net sellers at midday trade seizing 8.76% with a net equity of EGP 2.5 million, excluding the deals.

On the other hand, the Arab and Egyptian  investors were net buyers capturing 4.46% and 2.36% respectively of the total market, with a net equity of EGP 2.1 million and EGP464.3 thousand  excluding the deals.

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