Arab selling keeps EGX in red for 2nd session in row

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Sun, 15 Jul 2018 - 01:38 GMT

BY

Sun, 15 Jul 2018 - 01:38 GMT

EGX- Reuters

EGX- Reuters

CAIRO – 15 June 2018: The Egyptian Exchange (EGX) ended Sunday’s session in red for the second session in row, losing LE 4.5 billion, amid Arab selling.

The benchmark EGX30 declined 0.24 percent, or 37.35 points, to close at 15,842.46 points.

The equally weighted index EGX50 slipped 0.82 percent, or 22.12 points, to reach 2,686.28 points.

The small and mid-cap index EGX70 dropped 0.69 percent, or 5.34 points, at 769.76 points, and the broader index EGX100 went down 0.47 percent, or 9.44 points, closing at 1,980.65 points.

Market capitalization lost LE 4.5 billion, recording LE 885.47 billion, compared to LE 889.97billion in Thursday’s session.

The trading volume reached 119.86 million shares, traded through 17,555 transactions, with a turnover of LE 446.25 million.

Arab investors were net sellers at LE 16.46 million, while Egyptian and foreign investors were net buyers at LE 13.54 million and LE 2.92 million, respectively.

Egyptian individuals were net buyers at LE 6.48 million, while Arab and foreign individuals were net sellers at LE 441,966 and LE 4.28 million, respectively.

Arab organizations sold at LE 16.02 million, while Egyptian and foreign organizations bought at LE 7.06 million, and LE 7.2 million, respectively.

Zahraa Maadi Investment & Development, Egyptians for Investment & Urban Development, and Nasr Company for Civil Works were top gainers of the session by 9.36 percent, 8.89 percent and 6.98 percent, respectively.

On the other hand, Memphis Pharmaceuticals, Egyptian for Developing Building Materials, and Arabia Investments, Development, Fin. Inv. Holding Comp.-Cash were top losers of the session by 9.17 percent, 6.37 percent and 6.12 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.

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