EGX loses LE9.5B of market cap. Thursday

CAIRO – 4 October 2018: The Egyptian Exchange (EGX) ended the last session of the week in red, and market capitalization lost LE 9.5 billion, amid foreign selling.

The benchmark EGX30 declined 1.46 percent, or 208.27 points, to close at 14,104.90 points.

The equally weighted index EGX50 dropped 1.79 percent, or 40.07 point to reach 2,199.95 points.

The small and mid-cap index EGX70 decreased 0.55 percent, or 3.89 points, reaching 699.34 points, and the broader index EGX100 inched down 0.80 percent, or 14.21 points, closing at 1,768.96 points.

Market capitalization lost LE 9.5 billion, recording LE 782.67 billion, compared to LE 792.21 billion in Wednesday’s session.

The trading volume reached 151.08 million shares, traded through 19,629 transactions, with a turnover of LE 710.3 million.

El Arabia Engineering Industries, Egyptian for Developing Building Materials, and Egyptians Real Estate Fund Certificates were top gainers of the session by 7.13 percent, 5.33 percent and 5.11 percent, respectively.

On the other hand, B Investments Holding, Egyptian Arabian (cmar) Securities Brokerage EAC, and Wadi Kom Ombo Land Reclamation were top losers of the session by 5.55 percent, 5.38 percent, and 5.11 percent, respectively.

Foreign investors were net sellers at LE 30.7 million, while Egyptian and Arab investors were net buyers at LE 5.24 million and LE 25.46 million, respectively.

Egyptian individuals were net buyers at LE 9.3 million, while Arab and foreign individuals were net sellers at LE 2.47 million, and LE 4.37 million, respectively.

Egyptian and foreign organizations sold at LE 4.03million, and LE 26.34 million, respectively, while Arab organizations bought at LE 27.93 million

EGX ended Wednesday’s session on mixed performance, as EGX30 decreased 0.48 percent, while EGX50 rose 0.16 points, EGX70 increased 0.56 and EGX100 went up 0.21 percent.