EGX ends week in red amid foreign selling

CAIRO - 17 January 2019: Indices of the Egyptian Exchange (EGX) ended last session of the week in red, and market capitalization lot about LE 2.17 billion, amid foreign selling.

The benchmark EGX30 dipped 0.20 percent, or 27.28 points, to close at 13,482.99 points.

The equally weighted index EGX50 declined 0.87 percent, or 19.12 points, to reach 2,180.32 points.

The small and mid-cap index EGX70 lessened 0.18 percent, or 1.23 points, reaching 673.52 points, and the broader index EGX100 inched down 0.22 percent, or 3.71 points, to close at 1,697.43 points.

Market capitalization lost LE 2.17 billion, recording LE 761.66 billion, compared to LE 763.84 billion in Wednesday’s session.

The trading volume reached 172.56 million shares, traded through 23,575 transactions, with a turnover of LE 727.38 million.

Foreign investors were net sellers at LE 76.88 million, while Egyptian and Arab investors were net buyers at LE 59.08 million and LE 17.78 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 32.96 million, LE 182,187 and LE 3.2 million, respectively.

Egyptian and Arab organizations bought at LE 26.12 and LE 17.61 million, respectively, while foreign organizations sold LE 80.08 million.

Suez Cement, Dice Sport & Casual Wear, and Egyptian International Tourism Projects were top gainers of the session by 9.04 percent, 6.81 percent and 5.61 percent, respectively.

Meanwhile, Maridive & oil services, Cairo for Investment and Real Estate Development, and Ismailia Misr Poultry were top losers of the session by 4.60 percent, 4.54 percent, and 3.85 percent, respectively.

EGX ended Wednesday’s session on mixed note, as EGX30 rose 0.47 percent, while EGX50 decreased 0.23 percent, EGX70 inched down 0.10 percent, and EGX100 went down 0.09 percent.