EGX ends last session of week in red, market cap. loses LE 524M

BY

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Thu, 24 May 2018 - 12:55 GMT

BY

Thu, 24 May 2018 - 12:55 GMT

EGX- Reuters

EGX- Reuters

CAIRO – 24 May 2018: The Egyptian Exchange (EGX) ended Thursday’s session in red, and market capitalization lost LE 524 million ($29.2 million) amid Egyptian selling.

The benchmark EGX30 dropped 0.17 percent, or 28.58 points, to close at 16,633.97 points.

The equally weighted index EGX50 slipped 0.44 percent, or 12.68 points, to reach 2,896.54 points.

The small and mid-cap index EGX70 decreased 0.50 percent, or 4.34 points, closing at 858.37 points, and the broader index EGX100 went down 0.45 percent, or 9.91 points, to close at 2,179.27 points.

Market capitalization lost LE 524 million, recording LE 948.58 billion, compared to LE 949.11 billion in Wednesday’s session.

The trading volume reached 112.73 million shares, traded through 18,200 transactions, with a turnover of LE 699.87 million.

Egyptian investors were net sellers at LE 60 million, while Arab and foreign investors were net buyers at LE 5.4 million and LE 54.58 million, respectively.

Egyptian and foreign individuals were net buyers at LE 3.79 million and LE 8.75 million, respectively, while Arab individuals were net sellers at LE 3.63 million.

Arab and Foreign organizations bought at LE 9.05 million and LE 45.83 million, respectively, while Egyptian organizations sold at LE 63.79 million.

General Company For Land Reclamation, Development & Reconstruction, El Arabia Engineering Industries, and El Kahera Housing were top gainers of the session by 9.95 percent, 7.13 percent and 6.16 percent, respectively.

On the other hand, International Co For Investment & Development, El Arabia for Land Reclamation and EDRs Of Al Salam Holding Company were top losers of the session by 9.53 percent, 8.09 percent and 8.09 percent, respectively.

The EGX ended Wednesday’s session in green, as the EGX30 edged up 0.03 percent, EGX50 upped 0.27 percent, EGX70 decreased 0.34 percent and EGX100 went up 0.01 percent.

Trading on the EGX during the holy month of Ramadan is from 10 a.m. to 1:30 p.m. (CLT).

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