EGX ends Thursday session in red, market cap. gains LE573.63M

CAIRO – 12 June 2018: The Egyptian Exchange (EGX) ended returned to the red zone in Thursday’s session, with an increased market capitalization with LE 573.63 million, amid Egyptian and Arab selling.

The benchmark EGX30 declined 0.46 percent, or 72.61 points, to close at 15,879.81 points.

The equally weighted index EGX50 slipped 0.03 percent, or 0.69 points, to reach 2,708.40 points.

The small and mid-cap index EGX70 dropped 0.43 percent, or 4.53 points, at 775.10 points, and the broader index EGX100 went down 0.37 percent, or 7.3 points, closing at 1,990.09 points.

Market capitalization gained LE 573.6 million, recording LE 889.97 billion, compared to LE 889.40 billion in Wednesday’s session.

The trading volume reached 137.68 million shares, traded through 21,917 transactions, with a turnover of LE 589.35 million.

Foreign investors were net buyers at LE 17.73 million, while Egyptian and Arab investors were net sellers at LE 15.47 million and LE 2.26 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 17.77 million, LE 580,395 and LE 229,887, respectively.

Arab organizations sold at LE 1.68 million, while Egyptian and foreign organizations bought at LE 2.3 million, and LE 17.96 million, respectively.

Qatar National Bank Alahly, Asek Company for Mining - Ascom, and GB AUTO were top gainers of the session by 6.65 percent, 5.64 percent and 5.24 percent, respectively.

On the other hand, Atlas for Land Reclamation and Agricultural Processing, El Arabia for Land Reclamation, and Egyptian for Developing Building Materials were top losers of the session by 6.28 percent, 5.78 percent and 5.09 percent, respectively.

EGX ended Wednesday’s session in green, as EGX30 rose 0.20 percent, EGX50 hiked 0.68 percent, EGX70 stabilized at its level, and EGX100 went up 0.20 percent.