EGX ends Sunday in red, market cap. loses LE6.16B

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Sun, 02 Dec 2018 - 03:04 GMT

BY

Sun, 02 Dec 2018 - 03:04 GMT

FILE - EGX

FILE - EGX

CAIRO – 2 December 2018: The Egyptian Exchange (EGX) ended Sunday’s session in red amid Arab selling, and market capitalization lost LE 6.16 billion.

The benchmark EGX30 declined 1.27 percent, or 169.42 points, to close at 13,150.08 points.

The equally weighted index EGX50 decreased 0.78 percent, or 17.01 points, to reach 2,168.18 points.

The small and mid-cap index EGX70 inched down 0.93 percent, or 6.36 points, reaching 675.23 points, and the broader index EGX100 went down 0.88 percent, or 15.09 points, to close at 1,691.7 points.

Market capitalization lost LE 6.16 billion, recording LE 744.54 billion, compared to LE 750.7 billion in Thursday’s session.

The trading volume reached 126.22 million shares, traded through 17,510 transactions, with a turnover of LE 509.01 million.

Arab investors were net sellers at LE 25.35 million, while Egyptian and foreign investors were net buyers at LE 21.13 and LE 4.22 million, respectively.

Egyptian and foreign individuals were net buyers at LE 44.52 million, and LE 1,121, respectively, while Arab individuals were net sellers at LE 1.13 million.

Foreign organizations bought at LE 4.22 million, while Egyptian and Arab organizations sold at LE 23.38 million, and LE 24.22 million, respectively.

Misr National Steel - Ataqa, Egyptian Starch & Glucose, and Atlas for Land Reclamation and Agricultural Processing were top gainers of the session by 8.64 percent, 5.55 percent and 4.76 percent, respectively.

Meanwhile, Global Telecom Holding, El Ahram Co. for Printing and Packing, and Arab Valves Company were top losers of the session by 9.95 percent, 9.29 percent, and 5.45 percent, respectively.

EGX ended Thursday’s session on mixed note, as EGX 30 rose 0.08 percent, while EGX50 decreased 0.63 percent, EGX70 inched down 0.10 percent, and EGX100 went down 0.10 percent.

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