EGX ends Tuesday on mixed note, market cap. loses LE 4.3B

CAIRO - 23 October 2018: The Egyptian Exchange (EGX) ended midweek session on mixed note, losing LE 4.3 billion of its market capitalization, amid Egyptian and Arab selling.

The benchmark EGX30 lessened 0.49 percent, or 66.66 points, to close at 13,579.6 points.

The equally weighted index EGX50 dropped 0.76 percent, or 16.06 points, to reach 2,106.96 points, and the broader index EGX100 inched down 0.18 percent, or 3.09 points, closing at 1,742.04 points.

Meanwhile, the small and mid-cap index EGX70 increased 0.01 percent, or 0.06 points, reaching 693.52 points.

Market capitalization lost LE 4.3 billion, recording LE 761.53 billion, compared to LE 765.79 billion in Monday’s session.

The trading volume reached 796.85 million shares, traded through 26,579 transactions, with a turnover of LE 196.85 million.

Foreign investors were net buyers at LE 54.95 million, while Egyptian and Arab investors were net sellers at LE 32.5 million and LE 23.43 million, respectively.

Arab individuals were net sellers at LE 10.62 million, while Egyptian and foreign individuals were net buyers at LE 20.07 million, and LE 1.7 million, respectively.

Egyptian and Arab organizations sold at LE 51.59 million, and LE 12.82 million, respectively, while foreign organizations bought at LE 53.24 million.

Regarding Stocks, Arab Moltaka Investments Co, International Agricultural Products, Al Tawfeek Leasing Company-A.T.LEASE were top gainers of the session by 9.12 percent, 8.82 percent and 7.78 percent, respectively.

Meanwhile, Arab Cotton Ginning, Alexandria Mineral Oils Company, and Misr Hotels were top losers of the session by 13.89 percent, 9.56 percent, and 7.81 percent, respectively.

EGX ended Monday’s session in green, as EGX30 increased 0.90 percent, EGX50 inched up 0.66 percent, EGX70 rose 0.21 percent, and EGX100 hiked 0.22 percent.