The EGX closed Monday’s trading session down, with the EGX30 index falling by 0.91%. The market capitalization reached EGP 2.13 trillion, with retail investors accounting for 54.43% of total trading. Foreign investors were net buyers, while Arab and Egyptian traders sold significantly.
On Monday, the Egyptian Exchange (EGX) closed in a downtrend, with its market capitalization at EGP 2.13 trillion. The EGX30 index recorded a decline of 0.91%, reaching 29,325.2 points. The Sharia-compliant EGX33 index also experienced a downturn, falling by 1.52% to 3,021 points.
Additionally, the small- and mid-cap EGX70 equal-weight index dropped by 1.94%, closing at 7,972.35 points, while the EGX100 index decreased by 1.68% to finish at 10,993.7 points. The total turnover for the day amounted to EGP 3.31 billion, reflecting the exchange of 1.38 billion shares across 80,852 transactions.
Retail investors represented 54.43% of all trading activity, while institutional investors constituted 45.56%. Foreign traders accounted for 5.35% of transactions, and Arab traders comprised 4.64%, with Egyptian investors making up 90.01% of the trading volume. Both Arab and Egyptian traders were active sellers, with EGP 41.11 million and EGP 29.91 million in sales, respectively, whereas foreign investors were net buyers with a total purchase of EGP 71.03 million.
In summary, Monday saw the EGX decline across various indices, with significant selling from Arab and Egyptian investors. Retail investors dominated trading activity, while foreign investors took a buying stance. The session ended with a substantial turnover, reflecting ongoing market dynamics amid broader economic conditions.
Original Source: www.zawya.com
