EGX flags in red for 4th consecutive session

CAIRO – 15 August 2018: The Egyptian Exchange (EGX) ended Wednesday’s session in the red zone, continuing its downtrend for the fourth session in row, just before Eid al-Adha official holiday.

EGX announced Tuesday that the bourse will be off for four days on the occasion of Eid El-Adha, starting from Monday, August 20 to Thursday, August 23, adding that trading will be resumed on Sunday, August 26.

The benchmark EGX30 lost 0.68 points, to close at 15,356.13 points.

The equally weighted index EGX50 declined 0.04 percent, or 1.08 points, to reach 2,526.51 points.

The small and mid-cap index EGX70 decreased 0.41 percent, or 3.05 points, reaching 740.74 points, and the broader index EGX100 inched down 0.27 percent, or 5.10 points, closing at 1,905.98 points.

Market capitalization gained LE 51.04 million, recording LE 860.54 billion, compared to LE 860.49 billion in Tuesday’s session.

The trading volume reached 175.07 million shares, traded through 18,939 transactions, with a turnover of LE 628.75 million.

Arabia Investments,Development,Fin. Inv. Holding Comp.-Cash, Arab Real Estate Investment CO.-ALICO, and Northern Upper Egypt Development & Agricultural Production were top gainers of the session by 5.05 percent, 4.76 percent and 3.99 percent, respectively.

On the other hand, Egyptian for Developing Building Materials, Sharm Dreams Co. for Tourism Investment, and Egyptian Real Estate Group were top losers of the session by 8.89 percent, 5.74 percent, and 5.59 percent, respectively.

Foreign investors were net sellers at LE 66.2 million, while Egyptian and Arab investors were net buyers at LE 66.05 million and LE 135,130, respectively.

Egyptian, Arab and foriegn individuals were net sellers at LE 12.44 million, LE 2.8 million and LE 1.39 million, respectively.

Egyptian and Arab organizations were net buyers at LE 78.49 million and LE 2.9 million, respectively, while foreign organizations were net sellers at LE 64.79 million.

EGX ended Tuesday’s session in red, as EGX30 slipped 1.06 percent, EGX50 declined 1.03 percent, EGX70 decreased 0.26 percent, and EGX100 inched down 0.71 percent.