EGX ends Tuesday in red, Egyptian investors buy at LE 1B

CAIRO - 18 December 2018: The Egyptian Exchange (EGX) ended mid-week session in red, amid Arab and foreign selling, and market capitalization lost LE 3 billion.

The benchmark EGX30 declined 0.71 percent, or 94.29 points, to close at 13,121.11 points.

The equally weighted index EGX50 decreased 0.56 percent, or 12.12 points, to reach 2,155.19 points.

The small and mid-cap index EGX70 inched down 0.17 percent, or 1.15 points, reaching 676.48 points, and the broader index EGX100 went down 0.32 percent, or 5.48 points, to close at 1,695.11 points.

Market capitalization lost LE 3 billion, recording LE 746.25 billion, compared to LE 749.26 billion in Monday’s session.

The trading volume reached 409.25 million shares, traded through 23,118 transactions, with a turnover of LE 2.4 billion.

Egyptian investors were net buyers at LE 1.07 billion, while Arab and foreign investors were net sellers at LE 497.4 million and LE 568.9 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 244.04 million, LE 183.59 million and LE 23.77 million, respectively.

Arab and foreign organizations sold at LE 313.81 million, and LE 313.81 million, respectively, while Egyptian organizations bought at LE 1.3 billion.

Marsa Marsa Alam For Tourism Development, Cairo Poultry, and El Nasr For Manufacturing Agricultural Crops were top gainers of the session by 8.25 percent, 7.73 percent and 6.70 percent, respectively.

Meanwhile, TransOceans Tours, Cairo For Investment And Real Estate Development, and Citadel Capital - Common Shares were top losers of the session by 5.26 percent, 3.91 percent, and 3.81 percent, respectively.

EGX ended Monday’s session in green, as EGX 30 rose 1.72 percent, EGX50 increased 0.84 percent, EGX70 inched up 0.71 percent, EGX100 went up 0.83 percent.