EGX continues its downtrend for 3rd session in a row

CAIRO – 14 August 2018: The Egyptian Exchange (EGX) ended midweek session in red for the third consecutive session, losing LE 6.99 billion of its market capitalization, amid Arab and foreign selling.

The benchmark EGX30 slipped 1.06 percent, or 164.71 points, to close at 15,356.81 points.

The equally weighted index EGX50 declined 1.03 percent, or 26.21 points, to reach 2,527.59 points.

The small and mid-cap index EGX70 decreased 0.26 percent, or 1.94 points, reaching 743.79 points, and the broader index EGX100 inched down 0.71 percent, or 13.73 points, closing at 1,911.08 points.

Market capitalization lost LE 6.99 billion, recording LE 860.49 billion, compared to LE 867.48 billion in Monday’s session.

The trading volume reached 135.12 million shares, traded through 18,991 transactions, with a turnover of LE 717.45 million.

Egyptian investors were net buyers at LE 132.73 million, while Arab and foreign investors were net sellers at LE 2.07 million and LE 130.66 million, respectively.

Egyptian and Arab individuals were net sellers at LE 42.32 million, and LE 3.64 million, respectively, while foreign individuals were net buyers at LE 313,549.

Egyptian and Arab organizations were net buyers at LE 175.05 million and LE 1.56 million, respectively, while foreign organizations were net sellers at LE 130.97 million.


Al Baraka Bank Egypt, Torah Cement, and Egyptian Real Estate Group were top gainers of the session by 4.38 percent, 3.56 percent and 3.11 percent, respectively.

On the other hand, Sinai Cement, Minapharm Pharmaceuticals, and ELSWEDY ELECTRIC were top losers of the session by 9.72 percent, 4.95 percent, and 4.64 percent, respectively.

EGX ended Monday’s session in red, as EGX30 slipped 1.38 percent, EGX50 declined 1.97 percent, EGX70 decreased 0.67 percent, and EGX100 inched down 0.77 percent.