EGX loses LE 30.6B of market capitalization Thursday

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Thu, 22 Nov 2018 - 03:43 GMT

BY

Thu, 22 Nov 2018 - 03:43 GMT

FILE – EGX

FILE – EGX

CAIRO – 22 November 2018: The Egyptian Exchange (EGX) ended last session of the week on a mixed note, and market capitalization lost LE 30.6 billion, amid Arab and foreign selling.

The benchmark EGX30 declined 0.41 percent, or 55.75 points, to close at 13,675.37 points.

The small and mid-cap index EGX70 inched down 0.13 percent, or 0.91 points, reaching 687.44 points, and the broader index EGX100 decreased 0.21 percent, or 3.57 points, to close at 1,723.91 points.

On the other hand, the equally weighted index EGX50 inched up 0.06 percent, or 1.43 points, to reach 2,231.3 points.

Market capitalization lost LE 30.6 billion, recording LE 763.64 billion, compared to LE 794.22 billion in Wednesday’s session.

The trading volume reached 316.76 million shares, traded through 33,205 transactions, with a turnover of LE 1.34 billion.

Egyptian investors were net buyers at LE 149.82 million, while Arab and foreign investors were net sellers at LE 92.26 and LE 57.56 million, respectively.

Egyptian and Arab individuals were net buyers at LE 85.66 million, and LE 12.88 million, respectively, while foreign individuals were net sellers at LE 6.42 million.

Egyptian organizations bought at LE 64.16 million, while Arab and foreign organizations sold at LE 105.15 million and LE 51.14 million, respectively.

El Arabia Engineering Industries, Universal for Paper and Packaging Materials (Unipack), and Mansourah Poultry were top gainers of the session by 9.92 percent, 9.76 percent and 6.32 percent, respectively.

Meanwhile, El Arabia Engineering Industries, Credit Agricole Egypt, and Alexandria New Medical Center were top losers of the session by 5.69 percent, 3.49 percent, and 3.29 percent, respectively.

EGX ended Wednesday’s session in red as EGX 30 lessened 1.26 percent, EGX50 declined 0.26 percent, EGX70 inched down 0.10 percent and EGX100 went down 0.33 percent.

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