EGX ends Wednesday’s in red, market cap. loses LE 5.35B

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Wed, 21 Nov 2018 - 01:41 GMT

BY

Wed, 21 Nov 2018 - 01:41 GMT

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

CAIRO – 21 November 2018: The Egyptian Exchange (EGX) ended Wednesday’s session in red for the second consecutive session, and market capitalization lost LE 5.35 billion, amid Arab and foreign selling.

Tuesday, Nov. 20, was an official holiday on EGX on the occasion of Al-Mawlid al-Nabawi al-Sharif.

Al-Mawlid is a celebration of the birthday of Prophet Mohamed which is commemorated in Rabi' al-awwal, the third month in the Islamic calendar.

The benchmark EGX30 declined 1.26 percent, or 175.19 points, to close at 13,731.12 points.

The equally weighted index EGX50 dropped 0.26 percent, or 5.73 points, to reach 2,229.87 points.

The small and mid-cap index EGX70 inched down 0.10 percent, or 0.67 points, reaching 688.35 points, and the broader index EGX100 decreased 0.33 percent, or 5.65 points, to close at 1,727.48 points.

Market capitalization lost LE 5.35 billion, recording LE 794.22 billion, compared to LE 799.57 billion in Monday’s session.

The trading volume reached 233.33 million shares, traded through 28,015 transactions, with a turnover of LE 980.49 million.

Egyptian investors were net buyers at LE 94.75 million, while Arab and foreign investors were net sellers at LE 60.78 and LE 33.97 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 76.06 million, LE 2.73 million and LE 1.16 million, respectively.

Egyptian organizations bought at LE 18.68 million, while Arab and foreign organizations sold at LE 63.51 million and LE 35.13 million, respectively.

Porto Group, Universal for Paper and Packaging Materials (Unipack), and El Arabia Engineering Industries were top gainers of the session by 9.31 percent, 8.85 percent and 8.78 percent, respectively.

Meanwhile, Misr Oils & Soap, Pyramisa Hotels, and Misr Hotels were top losers of the session by 9.71 percent, 6.82 percent, and 6.29 percent, respectively.

EGX marked a decline during Monday’s session as EGX 30 lessened 0.45 percent, EGX70 declined 1.33 percent and EGX100 went down 1.11 percent.

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