Arab, foreign selling grab EGX to red zone Monday

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Mon, 14 Jan 2019 - 01:29 GMT

BY

Mon, 14 Jan 2019 - 01:29 GMT

EGX- Reuters

EGX- Reuters

CAIRO - 14 January 2019: The Egyptian Exchange (EGX) ended Monday's session in red, and market capitalization lost LE 8.44 billion, amid Arab and foreign selling.

The benchmark EGX30 dropped 1.41 percent, or 190.08 points, to close at 13,335.75 points.

The equally weighted index EGX50 declined 1.20 percent, or 26.64 points, to reach 2,194.36 points.

The small and mid-cap index EGX70 lessened 0.39 percent, or 2.71 points, reaching 685.53 points, and the broader index EGX100 inched down 0.49 percent, or 8.4 points, to close at 1,720.93 points.

Market capitalization lost LE 8.44 billion, recording LE 761.5 billion, compared to LE 769.95 billion in Sunday's session.

The trading volume reached 150.95 million shares, traded through 22,027 transactions, with a turnover of LE 641.49 million.

Egyptian investors were net buyers at LE 80.22 million, while Arab and foreign investors were net sellers at LE 52.05 million and LE 28.16 million, respectively.

Egyptian individuals were net buyers at LE 56.5 million, while Arab and foreign individuals were net sellers at LE 13.5 million, and LE 61,453, respectively.

Arab and foreign organizations sold at LE 38.57 and LE 28.1 million, respectively, while Egyptian organizations bought LE 23.72 million.

North Africa Co. for Real Estate Investment, Gulf Canadian Real Estate Investment Co., and Raya Contact Center were top gainers of the session by 9.97 percent, 6.61 percent and 6.17 percent, respectively.

Meanwhile, Dice Sport & Casual Wear, Global Telecom Holding, and Nasr Company for Civil Works were top losers of the session by 6.95 percent, 5.13 percent, and 4.01 percent, respectively.

EGX ended Sunday's session in green, as EGX30 rose 1.18 percent, EGX50 increased 0.61 percent, and EGX70 inched up 0.14 percent, while EGX100 went up 0.30 percent.

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