EGX ends Thursday in red, market cap. loses LE 5.9B

CAIRO – 19 July 2018: The Egyptian Exchange (EGX) ended Thursday’s session in red, losing LE 5.9 billion of its market capitalization, amid foreign selling.

The benchmark EGX30 slipped 1.04 percent, or 162.42 points, to close at 15,416.31 points.

The equally weighted index EGX50 dropped 0.71 percent, or 18.87 points, to reach 2,636.26 points.

The small and mid-cap index EGX70 went down 0.35 percent, or 2.62 points, at 752.60 points, and the broader index EGX100 decreased 0.52 percent, or 10.15 points, closing at 1,927.29 points.

Market capitalization lost LE 5.99 billion, recording LE 867.09 billion, compared to LE 873.08 billion in Wednesday's session.

The trading volume reached 115.78 million shares, traded through 16,895 transactions, with a turnover of LE 646.94 million.

Foreign investors were net sellers at LE 48.52 million, while Egyptian and Arab investors were net buyers at LE 28.87 million and LE 19.66 million, respectively.

Egyptian and foreign individuals were net sellers at LE 657,810 and LE 26.45 million, respectively, while Arab individuals were net buyers at LE 15.06 million.

Egyptian and Arab organizations bought at LE 29.53 million and LE 4.59 million, respectively, while foreign organizations sold at LE 22.07 million.

General Company for Land Reclamation, Development & Reconstruction, El Arabia Engineering Industries, and Suez Canal Bank were top gainers of the session by 6.06 percent, 4.10 percent and 4.02 percent, respectively.

On the other hand, El Kahera El Watania Investment, Alexandria Pharmaceuticals, and Arab Valves Company were top losers of the session by 9.88 percent, 5.11 percent and 4.38 percent, respectively.

EGX ended Wednesday session in green, as EGX30 rose 1.07 percent, EGX50 increased 0.86 percent, EGX70 increased 0.20 percent, and EGX100 went up 0.34 percent.