EGX ends 1st week’s session in red amid local and Arab selling

CAIRO – 21 January 2018: The Egyptian Exchange (EGX) ended Sunday’s transactions in red, amid local and Arab selling.

Benchmark EGX30 went down 0.46 percent losing 71.09 points to stand at 15,339.91 points.

The small and mid-cap index EGX70 decreased 0.82 percent, or 7.01 points, to end at 848.05 points and the broader index EGX100 also went back down 0.65 percent, or 13.15 points, to close at 2023.87 points.

The equally weighted EGX50 moved downward 0.63 percent to close at 2727.03 points, losing 17.4 points.

Market capitalization hiked around LE 4.23 billion as it recorded LE 866.051 billion, down from LE 861.817 billion on Thursday’s session.

Egyptian and Arab individuals were net sellers at LE 95.4 million and LE 18.3 million, respectively. Meanwhile, foreign investors were net buyers at LE 2.89 million.

Top gainers of the session were Nozha International Hospital SAE (NINH) by 10 percent, Zahraa Maadi Investment and Development (ZMID) by 9.20 percent, and Egyptian for Developing Building Materials (EDBM) by 7.52 percent.

While Top losers of the session were: Alexandria Medical Services - Alexandria New Medical Center SAE (AMES) by 9.95 percent, Orange Egypt for Telecommunications (OREG) by 9.08 percent, and Cleopatra Hospital Co (CLHO) by eight percent.