The Egyptian Exchange (EGX) closed Monday’s trading down, with a market cap of EGP 2.13 trillion. The EGX30 index fell 0.91% to 29,325.2 points, alongside other key indices. Retail investors accounted for the majority of trading, while foreign investors exhibited net buying activity.
On Monday, Egypt’s Egyptian Exchange (EGX) concluded its trading session with a decline, resulting in a total market capitalization of EGP 2.13 trillion. The EGX30 index experienced a decrease of 0.91%, settling at 29,325.2 points. Similarly, the EGX33 Shariah index fell by 1.52%, reaching 3,021 points, reflecting a downturn across various sectors.
The small- and mid-cap EGX70 equal-weight index (EWI) concluded lower by 1.94%, standing at 7,972.35 points, while the EGX100 index also declined by 1.68%, ending at 10,993.7 points. Trading activity was robust, with a turnover of EGP 3.31 billion and the exchange of approximately 1.38 billion shares over 80,852 transactions.
Retail investors dominated the trading landscape, representing 54.43% of the total transactions, compared to 45.56% from institutional investors. Foreign and Arab traders accounted for 5.35% and 4.64% of the trading activities, respectively, while Egyptian investors constituted 90.01% of the total trades. Notably, Arab and Egyptian traders were net sellers, amounting to EGP 41.11 million and EGP 29.91 million, respectively, whereas foreign investors were net buyers with an investment of EGP 71.03 million.
In summary, the Egyptian Exchange faced a decline in its trading session on Monday, with significant losses across key indices, particularly the EGX30, EGX33 Shariah, EGX70, and EGX100. Notably, retail investors led trading activity, while foreign investors showcased a stronger buying trend.
Original Source: www.zawya.com
