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Local and Arab Sell-offs Drag Egypt's EGX30 below 7940
Published in Amwal Al Ghad on 09 - 03 - 2014

Egypt's stocks ended mixed on Sunday with gains totalling 943 million pounds. The country's main stock index – EGX30 finished trading further below 7940 points resulted from local and Arab selling pressures.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering in red notes on Sunday afternoon.
Indices
Egypt's benchmark index EGX30 closed 0.12 per cent lower to 7939.84 pts; while EGX20 finished 0.32 per cent down to 9502.62 pts.
On the contrary, the mid- and small-cap index, the EGX70 inched up by 1.01 per cent to end at 651.86 pts. The price index EGX100 also grew by 0.68 per cent to conclude at 1111.18 pts.
Furthermore, the market capitalization recorded EGP 489.620 billion on Sunday.
Turnovers below One Billion Pounds
Through the closing session of Sunday, the trading volume has reached 193.070 million securities, with turnovers worth EGP 603.873 billion, exchanged through 30.610 thousand transactions.
Also during the closing session, 182 listed securities have been traded in; 68 declined, 93 advanced; while 21 keeping their previous levels.
Investors' Activities
Local and Arab investors were net sellers capturing 94.89% and 3.59% respectively of the total markets, with a net equity of EGP 9.253 million and 4.244 million respectively, excluding the deals.
On the other hand, foreign investors remained net buyers seizing 1.51% of the total market, with a net equity of EGP 13.497 million, excluding the deals.
Companies' Activities
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price fall on Sunday by 0.16 percent to EGP 12.25.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) increased by 0.03 percent to EGP 36.81.
In the real estate sector, Palm Hills Development Company (PHDC.CA) inched down by 1.46 percent to trade at EGP 3.38, Talaat Moustafa Group Holding (TMGH.CA) also tumbled by 1.00 percent to trade at EGP 7.91, and Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) dropped by 0.08 percent to close at EGP 24.40.


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