EGX ends last session before Ramadan on mixed note

CAIRO – 16 May 2018: The Egyptian Exchange (EGX) ended Wednesday’s session on a mixed note and market capitalization lost LE 175.98 million ($9.85 million) amid Egyptian and Arab selling.

The benchmark EGX30 edged up 0.04 percent, or 7.43 points, to close at 16,993.21 points.

The equally weighted index EGX50 climbed 0.04 percent, or 1.04 points, to reach 2,912.71 points.

The small- and mid-cap index EGX70 decreased 0.14 percent, or 1.19 points, closing at 848.41 points, and the broader index EGX100 went down 0.50 percent, or 10.84 points, to close at 2,178.52 points.

Market capitalization lost LE 175.98 million, recording LE 954.11 billion, compared to LE 954.28 billion in Tuesday’s session.

The trading volume reached 227.58 million shares, traded through 24,860 transactions, with a turnover of LE 1.06 billion.

Foreign investors were net buyers at LE 26.94 million, while Egyptian and Arab investors were net sellers at LE 22.57 million and LE 4.37 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 21.85 million, LE 20.54 million and LE 3.75 million, respectively.

Egyptian and Arab organizations sold at LE 44.42 million and LE 24.9 million, respectively, while Arab organizations bought at LE 23.18 million.

Wadi Kom Ombo Land Reclamation, El Arabia for Land Reclamation, and Rowad Tourism (Al Rowad) were top gainers of the session by 9.92 percent, 9.22 percent and 7.80 percent, respectively.

On the other hand, Misr National Steel - Ataqa, Rakta Paper Manufacturing, and El Nasr for Manufacturing Agricultural Crops were top losers of the session by 7.35 percent, 6.29 percent and 4.24 percent, respectively.

The EGX ended Tuesday’s session in green, as the EGX30 edged up 0.01 percent, the EGX50 jumped 0.41 percent, the EGX70 climbed 0.19 percent and the EGX100 went up 0.14 percent.

In coincidence with the start of the holy month of Ramadan on Thursday, trading on the EGX will be from 10:00 a.m. to 1:30 p.m. (CLT).