EGX stays in red for 2nd session amid Arab and foreign selling

BY

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Sun, 11 Feb 2018 - 01:42 GMT

BY

Sun, 11 Feb 2018 - 01:42 GMT

FILE - The Egyptian Exchange indicators

FILE - The Egyptian Exchange indicators

CAIRO – 11 February 2018: The Egyptian Exchange (EGX) ended Sunday in red for the second consecutive session, amid Arab and foreign selling.

The benchmark EGX30 slipped 0.62 percent, or 92.93 points, to end at 14,828.36 points.

The small and mid-cap index EGX70 decreased 0.60 percent, or 5.11 points, to close at 843.38 points, and the broader index EGX100 leveled off 0.59 percent, or 11.95 points, to reach 2013.97 points.

The equally weighted index EGX50 declined 25.48 points, or 0.96 percent, closing at 2622.28 points.

Market capitalization lost LE 4.4 billion, recording LE 848.07 billion ($47.9 million), compared to LE 852.5 billion in Thursday’s session.

Egyptian investors were net buyers at LE 24.98 million, while Arab and foreign investors were net sellers by LE 20.8 million and LE 4.1 million, respectively.

Egyptian and foreign individuals were net buyers at LE 1.19 million and LE 1.44 million, respectively, while Arab individuals were net sellers at LE 4.15 million.

Egyptian organizations bought by LE 23.79 million, while Arab and foreign organizations bought by LE 16.73 million and LE 5.5 million, respectively.

Suez Canal Company for Technology Settling (SCTS), El Obour Real Estate Investment (OBRI) and Reacap Financial Investments (REAC) were the top gainers of the session by 9.23 percent, 7.61 percent and 6.72 percent, respectively.


While Alexandria Flour Mills (AFMC), Medical Packaging Co SAE (MEPA), and Egyptian Iron and Steel (IRON)were the top losers of the session by 10 percent, 6.93 percent and 5.50 percent, respectively.


The Egyptian Exchange (EGX) ended Thursday’s trading session in red amid Egyptian selling, affected by the decline of the U.S. stocks. The benchmark EGX30 decreased 0.77 percent, or 115.76points, to end at 14,921.29 points.

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