EGX ends Thursday on mixed note, market cap. loses LE 1.2B

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Thu, 26 Jul 2018 - 01:21 GMT

BY

Thu, 26 Jul 2018 - 01:21 GMT

EGX- Reuters

EGX- Reuters

CAIRO – 25 July 2018: The Egyptian Exchange (EGX) ended last session of the week on mixed note, losing LE 1.2 billion of its market capitalization, amid foreign selling.

The benchmark EGX30 rose 0.09 percent, or 12.93 points, to close at 15,199.29 points.

On the other hand, the equally weighted index EGX50 slipped 0.28 percent, or 7.29 points, to reach 2,553.06 points.

The small and mid-cap index EGX70 went down 0.14 percent, or 1 points, at 734.46 points, and the broader index EGX100 decreased 0.08 percent, or 1.50 points, closing at 1,896.13 points.

Market capitalization lost LE 1.2 billion, recording LE 858.47 billion, compared to LE 859.87billion in Wednesday’s session.

The trading volume reached 174.71 million shares, traded through 19,657 transactions, with a turnover of LE 1.05 billion.

Foreign investors were net sellers at LE 71.97 million, while Egyptian and Arab investors were net buyers at LE 58.77 million and LE 13.19 million, respectively.

Egyptian and foreign individuals were net sellers at LE 384.59 million, and LE 80,703, respectively, while Arab individuals were net buyers at LE 16.64 million.

Arab and foreign organizations sold at LE 3.45 million and LE 71.58 million, respectively, while Egyptians organizations bought at LE 143.36 million.

Rakta Paper Manufacturing, Nozha International Hospital, and Nasr Company for Civil Works were top gainers of the session by 6.91 percent, 6.59 percent and 5.93 percent, respectively.

On the other hand, Marsa Marsa Alam for Tourism Development, Obour Land for Food Industries, and Egyptians Real Estate Fund Certificates were top losers of the session by 6.86 percent, 6.75 percent and 6.35 percent, respectively.

EGX ended Wednesday’s session in red, as EGX30 declined 1.90 percent, EGX50 decreased 2.46 percent, EGX70 downed 2 percent, and EGX100 went down 1.67 percent.

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