Foreign organizations go for selling on EGX’s Tuesday session

CAIRO – 2 October 2018: The Egyptian Exchange (EGX) ended Tuesday on mixed performance, and market capitalization lost LE 819.67 million, amid foreign organizations selling.

The benchmark EGX30 declined 0.45 percent, or 65.17 points, to close at 14,381.55 points.

The equally weighted index EGX50 lost 0.05 points, to reach 2,236.39 points.

On the other hand, the small and mid-cap index EGX70 hiked 0.25 percent, or 1.77 points, reaching 699.33 points, and the broader index EGX100 inched up 0.09 percent, or 1.66 points, closing at 1,779.42 points.

Market capitalization lost LE 819.67 million, recording LE 795.84 billion, compared to LE 796.66 billion in Monday’s session.

The trading volume reached 161.59 million shares, traded through 19,759 transactions, with a turnover of LE 743.82 million.

Egyptian Transport (EGYTRANS), Egyptian for Developing Building Materials, and Rowad Tourism (Al Rowad) were top gainers of the session by 8.20 percent, 8.04 percent and 6.67 percent, respectively.

On the other hand, Gharbia Islamic Housing Development, Nasr Company for Civil Works, and Edita Food Industries S.A.E were top losers of the session by 8.23 percent, 7.47 percent, and 7.35 percent, respectively.

Foreign investors were net sellers at LE 53.2 million, while Egyptian and Arab investors were net buyers at LE 12 million and LE 41.19 million, respectively.

Egyptian individuals were net sellers at LE 14.05 million, while Arab and Foreign individuals were net buyers at LE 1.7 million, and LE 1.6 million, respectively.

Egyptian and Arab organizations bought at LE 26.06 million and LE 39.49 million, respectively, while foreign organizations sold at LE 54.8 million.

EGX ended Monday’s session in red, as EGX30 decreased 1.16 percent, EGX50 dropped 1.84 percent, EGX70 declined 2.08 and EGX100 went down 1.82 percent.