EGX stays in red zone for 2nd session in row

CAIRO – 13 August 2018: The Egyptian Exchange (EGX) ended Monday’s session in red for the second consecutive session, losing LE 9.9 billion of its market capitalization, amid Egyptian and foreign selling.

The benchmark EGX30 slipped 1.38 percent, or 216.82 points, to close at 15,738.34 points.

The equally weighted index EGX50 declined 1.97 percent, or 51.26 points, to reach 2,553.80 points.

The small and mid-cap index EGX70 decreased 0.67 percent, or 5.05 points, reaching 745.73 points, and the broader index EGX100 inched down 0.77 percent, or 14.89 points, closing at 1,924.81 points.

Market capitalization lost LE 9.92 billion, recording LE 867.48 billion, compared to LE 877.39 billion in Sunday’s session.

The trading volume reached 229.28 million shares, traded through 23,246 transactions, with a turnover of LE 703.48 million.

Arab investors were net buyers at LE 4.58 million, while Egyptian and foreign investors were net sellers at LE 3.5 million and LE 1.05 million, respectively.

Egyptian and foreign individuals were net buyers at LE 17.07 million, and LE 5.59 million, respectively, while Arab individuals were net sellers at LE 3.85 million

Egyptian and foreign organizations were net sellers at LE 20.6 million and LE 6.65 million, respectively, while Arab organizations were net buyers at LE 8.43 million.

Ismailia National Food Industries, Kafr El Zayat Pesticides, and AJWA for Food Industries Company Egypt were top gainers of the session by 9.01 percent, 5.19 percent and 4.09 percent, respectively.

On the other hand, Extracted Oils, and Alexandria New Medical Center, were top losers of the session by 8.21 percent, and 7.95 percent, respectively.

EGX ended Sunday’s session in red, as EGX30 slipped 1.17 percent, EGX50 declined 1.45 percent, EGX70 decreased 0.43 percent, and EGX70 inched down 0.72 percent.