Egyptian Exchange (EGX) Closes Monday’s Trading Session in Decline

The Egyptian Exchange (EGX) closed Monday’s trading in decline, with the EGX30 down by 0.91%. The trading session exhibited a turnover of EGP 3.31 billion, primarily driven by retail investors. Both Arab and Egyptian traders were sellers, while foreign investors made purchases totaling EGP 71.03 million.

On Monday, the Egyptian Exchange (EGX) registered a decline in its trading session, ultimately closing with a market capitalization of EGP 2.13 trillion. The EGX30 index experienced a drop of 0.91%, settling at 29,325.2 points, while the EGX33 Shariah index decreased by 1.52%, reaching 3,021 points. The small- and mid-cap segments were also affected, with the EGX70 Equal-Weight Index (EWI) declining by 1.94% to 7,972.35 points, and the EGX100 index falling by 1.68% to 10,993.7 points.

The trading turnover was EGP 3.31 billion, involving the exchange of 1.38 billion shares across 80,852 transactions. Retail investors comprised a dominant 54.43% of total trading activity, while institutional investors accounted for 45.56%. Notably, foreign traders participated with 5.35% and Arab traders with 4.64% of the overall transactions, indicating that Egyptian investors were highly active at 90.01%.

In the trading dynamics, both Arab and Egyptian traders engaged as sellers, totaling EGP 41.11 million and EGP 29.91 million, respectively. In contrast, foreign investors displayed purchasing activity, acquiring EGP 71.03 million worth of shares.

The EGX concluded Monday’s session on a negative note, with key indices such as the EGX30 and EGX70 showing notable declines. Retail investors led the trading landscape, while foreign investors contributed positively through increased buying activity. This session underscores the ongoing volatility in the Egyptian stock market amid varying levels of investor participation.

Original Source: www.zawya.com