EGX ends the week in red, market cap. loses LE 6.3B

CAIRO – 6 December 2018: The Egyptian Exchange (EGX) ended last session of the week in the red zone, amid Egyptian and Arab selling, and market capitalization lost about LE 6.3 billion.

The benchmark EGX30 declined 1.58 percent, or 199.16 points, to close at 12,387.58 points.

The equally weighted index EGX50 decreased 0.88 percent, or 18.29 points, to reach 2,051.23 points.

The small and mid-cap index EGX70 inched down 0.17 percent, or 1.12 points, reaching 661.03 points, and the broader index EGX100 went down 0.33 percent, or 5.52 points, to close at 1,647.42 points.

Market capitalization lost LE 6.27 billion, recording LE 712.84 billion, compared to LE 719.11 billion in Wednesday’s session.

The trading volume reached 145.04 million shares, traded through 21,033 transactions, with a turnover of LE 694.55 million.

Foreign investors were net buyers at LE 31.56 million, while Egyptian and Arab investors were net sellers at LE 8.96 and LE 22.6 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 88.99 million, LE 1.62 million and LE 9.95 million, respectively.

Foreign organizations bought at LE 21.61 million, while Egyptian and Arab organizations sold at LE 97.96 million, and LE 24.22 million, respectively.

Alexandria New Medical Center, Al Tawfeek Leasing Company-A.T.LEASE, and Nasr Company for Civil Works were top gainers of the session by 6.92 percent, 6.23 percent and 5.63 percent, respectively.

Meanwhile, South Cairo & Giza Mills & Bakeries, Sharkia National Food, and Memphis Pharmaceuticals were top losers of the session by 14.59 percent, 8.14 percent, and 8 percent, respectively.