On Monday, the Egyptian Exchange (EGX) closed lower, with a market cap of EGP 2.13 trillion. The EGX30 index fell 0.91%, while both the EGX33 and EGX70 indices also declined. Retail investors comprised 54.43% of trading, with a notable contribution from foreign buyers.

The Egyptian Exchange (EGX) ended Monday’s trading session negatively, with the market capitalization down to EGP 2.13 trillion. The EGX30 index decreased by 0.91%, finishing at 29,325.2 points, while the Sharia-compliant EGX33 Shariah index dropped by 1.52% to 3,021 points.

In addition, the small- and mid-cap EGX70 equal-weight index (EWI) fell by 1.94%, concluding at 7,972.35 points, and the EGX100 index declined by 1.68%, finishing at 10,993.7 points. Total turnover for the session reached EGP 3.31 billion, with 1.38 billion shares exchanged over 80,852 transactions.

Retail investors constituted 54.43% of total trading activity, whereas institutional investors accounted for 45.56%. Within this trading, foreign traders represented 5.35%, while Arab traders made up 4.64% of the transactions. Notably, Egyptian investors dominated with 90.01%.

In terms of the trading dynamics, both Arab and Egyptian traders were net sellers, with sales reaching EGP 41.11 million and EGP 29.91 million, respectively. Conversely, foreign investors were net buyers at EGP 71.03 million, indicating a positive influx from their side despite the overall market decline.

In summary, the EGX concluded a challenging trading session on Monday, where major indices experienced declines. The market witnessed significant retail investor participation, while foreign investors slightly balanced the selling pressure from Arab and Egyptian traders. Overall, the trading volume and market dynamics reflected a cautious sentiment in the market.

Original Source: www.zawya.com