FILE- Employees in the EGX following performance of the trading session on December 12, 2017 FILE- Employees in the EGX following performance of the trading session on December 12, 2017

EGX deepens its losses for 4th session

Tue, Jul. 17, 2018
CAIRO – 17 June 2018: The Egyptian Exchange (EGX) continued its downtrend on Tuesday’s session, marking a regression for the fourth consecutive session, losing LE 11.69 billion, amid Arab and foreign selling.

The benchmark EGX30 declined 1.50 percent, or 235.17 points, to close at 15,420.72 points.

The equally weighted index EGX50 slipped 0.84 percent, or 22.36 points, to reach 2,633.94 points.

The small and mid-cap index EGX70 dropped 1.06 percent, or 8.11 points, at 754.17 points, and the broader index EGX100 went down 1.27 percent, or 24.80 points, closing at 1,932.11 points.

Market capitalization lost LE 11.69 billion, recording LE 866.58 billion, compared to LE 878.27 billion in Monday’s session.

The trading volume reached 120.48 million shares, traded through 20,608 transactions, with a turnover of LE 791.89 million.

Egyptian investors were net buyers at LE 57.97 million, while Arab and foreign investors were net sellers at LE 13.13 million and LE 44.85 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 9.26 million, LE 4.26 and LE 17.63 million, respectively.

Egyptian organizations bought at LE 48.72 million, while Arab and foreign organizations sold at LE 17.38 million, and LE 62.47 million, respectively.
Arabian Food Industries DOMTY, Heliopolis Housing, and Emaar Misr for Development were top gainers of the session by 5.20 percent, 2.87 percent and 2.67 percent, respectively.

On the other hand, Misr Hotels, Qatar National Bank Alahly, and Modern Shorouk Printing & Packaging were top losers of the session by 9.98 percent, 8.02 percent and 7.21 percent, respectively.

EGX ended Monday’s session in red, as EGX30 slipped 1.18 percent, EGX50 dropped 1.12 percent, EGX70 decreased 0.97, and EGX100 went down 1.20 percent.
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