The Egyptian Exchange concluded Monday’s session down with a market cap of EGP 2.13 trillion. Key indices fell, with EGX30 down 0.91% and EGX33 Shariah down 1.52%. The total turnover was EGP 3.31 billion, predominantly from retail investors, while institutional investors accounted for 45.56% of the trading. Foreign investors were net buyers during the session.
On Monday, the Egyptian Exchange (EGX) experienced a decline, closing the session with a market capitalization of EGP 2.13 trillion. The EGX30 index saw a decrease of 0.91%, finishing at 29,325.2 points, while the EGX33 Shariah index fell by 1.52%, concluding at 3,021 points. Similarly, the small- and mid-cap indices, the EGX70 equal-weight index, and the EGX100 index recorded declines of 1.94% and 1.68%, settling at 7,972.35 points and 10,993.7 points, respectively.
The trading session saw a turnover of EGP 3.31 billion, with approximately 1.38 billion shares changing hands over 80,852 transactions. Retail investors were the predominant participants, accounting for 54.43% of the total trading activity, while institutional investors represented 45.56%. In terms of foreign participation, foreign traders contributed 5.35% and Arab traders 4.64%, while Egyptian investors made up a significant 90.01% of the trading volume.
During the session, both Arab and Egyptian traders acted as sellers, offloading EGP 41.11 million and EGP 29.91 million worth of stocks, respectively. Conversely, foreign investors were net buyers, acquiring a total of EGP 71.03 million. This mixed activity reflects the ongoing trends in the Egyptian equity markets.
In summary, Monday’s trading session on the EGX was marked by a notable decline across various indices, highlighted by the EGX30 and EGX33 Shariah indices dropping substantially. The market saw a total trading turnover of EGP 3.31 billion, with retail investors leading the activity. Furthermore, the contrasting behaviors of Egyptian sellers and foreign buyers suggest a dynamic trading environment amid current market conditions.
Original Source: www.zawya.com
