On Monday, the Egyptian Exchange (EGX) closed lower, with the EGX30 index down 0.91% at 29,325.2 points and a total market capitalization of EGP 2.13 trillion. Trading turnover reached EGP 3.31 billion, with retail investors making up 54.43% of transactions. Foreign investors were net buyers, while Arab and Egyptian investors sold shares.

The Egyptian Exchange (EGX) experienced a decline in its trading session on Monday, reflecting a drop in market capitalization to EGP 2.13 trillion. The EGX30 index decreased by 0.91%, closing at 29,325.2 points, while the Sharia-compliant EGX33 index fell by 1.52% to 3,021 points.

Additionally, both the small and mid-cap indices, the EGX70 equal-weight index, and the EGX100 index recorded losses of 1.94% and 1.68%, settling at 7,972.35 points and 10,993.7 points, respectively. The trading turnover amounted to EGP 3.31 billion, involving the exchange of 1.38 billion shares across 80,852 transactions.

In terms of trading composition, retail investors accounted for 54.43% of the total transactions, while institutional investors held 45.56%. Egyptian investors contributed significantly to the trading activity, comprising 90.01% of total transactions. Foreign and Arab investors represented 5.35% and 4.64% of the trading activity, respectively, with Arab and Egyptian traders primarily selling stocks worth EGP 41.11 million and EGP 29.91 million. Conversely, foreign investors were net buyers, acquiring stocks amounting to EGP 71.03 million.

In conclusion, the EGX faced a notable downturn in Monday’s trading session, indicated by declines in major indices and a significant turnover. Retail investors dominated the market, while Egyptian investors overwhelmingly accounted for the trading volume. The participation of foreign investors, who were net buyers, contrasted with the selling activity of Arab and local investors, reflecting varied market dynamics.

Original Source: www.zawya.com