Rana Mamdouh _ Indices of the Egyptian Exchange (EGX) started Monday's trading with a collective decline, as the main index EGX30 dropped by 0.94% to trade at the 50,419 point level.
The equal-weighted indices EGX70 and EGX100 decreased by 1.19% and 0.96%, respectively.
Trading volumes record EGP 1.4 billion
Trading value on the Egyptian Exchange reached EGP 1.411 billion across 216 companies, executed through 51,248 transactions.
Trading included the execution of a block trading mechanism transaction on 190 million issued shares of Giza General Contracting and Real Estate Investment, valued at EGP 129.2 million.
Market prices of 139 stocks declined, while 42 stocks rose, and 35 stocks remained unchanged.
Arab and foreign investors lean toward buying while Egyptians trend toward selling
Egyptian investors dominated the selling trend, recording a net sell position of EGP 157.689 million, including EGP 100.399 million by institutions and EGP 57.290 million by retail investors.
Arab investors' transactions trended toward buying, achieving a net buy position of EGP 128.414 million, including EGP 126.572 million by retail investors and EGP 1.841 million by institutions.
Foreign investors recorded a net buy position of EGP 29.275 million, including EGP 26.403 million by institutions and EGP 2.871 million by retail investors.
Saudi Egyptian Investment share tops gainers list by 5.88%
The share of Saudi Egyptian Investment & Finance topped the gainers list with an increase of 5.88%, followed by International Company for Fertilizers and Chemicals at 4.38%, and Arab Dairy Products Co. – Arab Dairy – Panda at 3.59%.
Middle and West Delta Flour Mills share tops decliners list by 8.81%
On the decliners' side, Middle and West Delta Flour Mills topped the list dropping by 8.81%, followed by Misr Chemical Industries at 6.57%, and Lecico Egypt by 6.34%.
