EGX shares continue to dip on local and foreign sales

CAIRO – 6 November 2017: The Egyptian Exchange (EGX) continues marking declines for the second day in row as all indices closed in red at the end of the trading session.

Benchmark EGX30 inched down 0.78 percent to stand at 14,072 points. The small and mid-cap index EGX70 decreased 1.13 percent to end at 775 points, while broader index EGX100 also leveled down 0.71 percent to close at 1,752 points.

Market capitalization lost LE 406 million Monday to record LE 774.392 billion, down from LE 774.798 billion recorded in the latest session Sunday.

Egyptian and foreign institutions were net sellers at LE 46.2 billion and LE 38.2 million respectively, however Arab institutions as well as local, foreign and Arab individuals purchased at LE 19.9 million, LE 10.8 million, LE 10.8 million and LE 42.96 million respectively.

Shares of 57 companies recorded increases and 119 companies marked declines, while shares of 14 firms remained unchanged.