EGX ends Monday in red amid Egyptian, Arab selling

BY

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Mon, 01 Oct 2018 - 02:26 GMT

BY

Mon, 01 Oct 2018 - 02:26 GMT

FILE – EGX

FILE – EGX

CAIRO – 1 October 2018: The Egyptian Exchange (EGX) ended the second session of the week in red, and market capitalization lost LE 7.2 billion, amid Egyptian and Arab selling.

The benchmark EGX30 declined 1.16 percent, or 169.75 points, to close at 14,446.72 points.

The equally weighted index EGX50 dropped 1.84 percent, or 41.95 points, to reach 2,236.72 points.

The small and mid-cap index EGX70 decreased 2.08 percent, or 14.84 points, reaching 697.56 points, and the broader index EGX100 inched down 1.82 percent, or 33.02 points, closing at 1,777.76 points.

Market capitalization lost LE 7.19 billion, recording LE 796.66 billion, compared to LE 803.86 billion in Sunday’s session.

The trading volume reached 174.29 million shares, traded through 18,339 transactions, with a turnover of LE 946.19 million.

Cairo for Investment and Real Estate Development, Arab Pharmaceuticals, and Misr National Steel - Ataqa were top gainers of the session by 17.67 percent, 8.19 percent and 7.07 percent, respectively.

On the other hand, Modern Company for water proofing (Bitumode), Dice Sport & Casual Wear, and Wadi Kom Ombo Land Reclamation were top losers of the session by 9.42 percent, 9.09 percent, and 8.84 percent, respectively.

Foreign investors were net buyers at LE 90.76 million, while Egyptian and Arab investors were net sellers at LE 19.17 million and LE 71.59 million, respectively.

Egyptian, Arab and Foreign individuals were net sellers at LE 31.41 million, LE 35,690 and LE 7.25 million, respectively.

Egyptian and foreign organizations bought at LE 12.24 million and LE 98.01 million, respectively, while Arab organizations sold at LE 35.90 million.

EGX ended Sunday’s session on mixed performance, as EGX30 decreased 0.11 percent, while EGX50 rose 0.31 percent, EGX70 increased 1.95 and EGX100 inched up 1.45 percent.

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