EGX ends week in red, market cap. loses LE 5.5B

CAIRO – 20 September 2018: The Egyptian Exchange (EGX) continued its downtrend and ended last session of the week in red, and market capitalization lost LE 5.5 billion, amid Egyptian selling.

The benchmark EGX30 dropped 0.20 percent, or 28.84 points, to close at 14,069.72 points.

The equally weighted index EGX50 declined 1.75 percent, or 38.62 points, to reach 2,171.16 points.

The small and mid-cap index EGX70 fell 1.70 percent, or 11.80 points, reaching 682.72 points, and the broader index EGX100 drew back 1.61 percent, or 28.54 points, closing at 1,739.65 points.

Market capitalization lost LE 5.5 billion, recording LE 780.12 billion, compared to LE 785.65 billion in Wednesday’s session.

The trading volume reached 301.27 million shares, traded through 31,233 transactions, with a turnover of LE 1.4 billion.

Egyptians Real Estate Fund Certificates, T M G Holding, and Dice Sport & Casual Wear were top gainers of the session by 7.17 percent, 4.92 percent and 4.68 percent, respectively.

On the other hand, Alexandria Pharmaceuticals, El Obour Real Estate Investment, and Wadi Kom Ombo Land Reclamation were top losers of the session by 9.94 percent, 9.92 percent, and 9.86 percent, respectively.

Egyptian investors were net sellers at LE 352.24 million, while Arab and foreign investors were net buyers at LE 72.49 million and LE 279.75 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 88.69 million, LE 19.88 million, and LE 10.76 million, respectively.

Egyptian organizations sold at LE 263.55 million,while Arab and foreign organizations bought at LE 92.36 million, and LE 290.51 million, respectively.

EGX ended Wednesday session in red, as EGX30 declined 3.79 percent, EGX50 inched down 4.98 percent, EGX70 dropped 3.65 percent, and EGX100 decreased 3.88 percent.