EGX ends Thursday on mixed note, market cap, loses LE1.5B

CAIRO – 29 November 2018: The Egyptian Exchange (EGX) ended Thursday’s session on mixed performance amid Arab selling, and market capitalization lost LE 1.53 billion.

The benchmark EGX30 rose 0.08 percent, or 10.01 points, to close at 13,319.5 points.

The equally weighted index EGX50 decreased 0.63 percent, or 13.86 points, to reach 2,185.19 points.

The small and mid-cap index EGX70 inched down 0.10 percent, or 0.66 points, reaching 681.59 points, and the broader index EGX100 went down 0.10 percent, or 1.79 points, to close at 1,706.79 points.

Market capitalization lost LE 1.53 billion, recording LE 750.7 billion, compared to LE 752.23 billion in Wednesday’s session.

The trading volume reached 258.41 million shares, traded through 25,186 transactions, with a turnover of LE 1.75 billion.

Arab investors were net sellers at LE 225.39 million, while Egyptian and foreign investors were net buyers at LE 46.27 and LE 179.12 million, respectively.

Egyptian and Arab individuals were net buyers at LE 26.48 million, and LE 8.05 million, respectively, while foreign individuals were net sellers at LE 113,459.

Arab organizations sold at LE 233.44 million, while Egyptian and foreign organizations bought at LE 19.79 million, and LE 179.24 million, respectively.

Torah Cement, Natural Gas & Mining Project (Egypt Gas), and Misr Cement (Qena) were top gainers of the session by 9.09 percent, 5.18 percent and 4.36 percent, respectively.

Meanwhile, B Investment Holding, Misr Fertilizers Production Company - Mopco, and Sharm Dreams Co. for Tourism Investmentwere top losers of the session by 9.13 percent, 4.85 percent, and 4.22 percent, respectively.

EGX ended Wednesday’s session in green, as EGX 30 rose 0.72 percent, EGX50 hiked 0.53 percent, EGX70 inched up 0.06 percent, and EGX100 went up 0.25 percent.