EGX shows mixed performance amid Arab selling Thursday

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Thu, 14 Feb 2019 - 01:55 GMT

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Thu, 14 Feb 2019 - 01:55 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO - 14 February 2019: The Egyptian Exchange (EGX) witnessed a mixed performance among its indices during the last session of the week, Thursday, in coincidence with the approval of House of Representatives on the newly-proposed amendments to the 2014 Constitution.

A total of 485 out 569 of lawmakers approved the amendments that suggested by one fifth of the parliament members early this month.

BREAKING: Egypt's Parliament approves constitutional amendments in principle

CAIRO - 14 February 2019: Egypt's House of Representatives passed on Thursday the newly-proposed amendments to the 2014 Constitution, which include extension of the presidential term from 4 years to six years. A total of 485 out 569 of lawmakers approved the amendments that suggested by one fifth of the parliament members early this month.




The benchmark EGX30 increased 0.24 percent, or 35.39 points, to close at 14,984.46 points.

Meanwhile, the equally weighted index EGX50 rose 0.31 percent, or 7.53 points, to reach 2,411.36 points.

On an opposite direction, the small and mid-cap index EGX70 dropped 0.11 percent, or 0.78 points, to 712.42 points, and the broader index EGX100 declined 0.08 percent, or 1.38 points, to close at 1,798.76 points.

Market capitalization gained LE 1.09 billion, recording LE 827.59 billion, compared to LE 826.5 billion in Wednesday's session.

The trading volume reached 215.44 million shares, traded through 29,632 transactions, with a turnover of LE 910.21 million.

Arab investors were net sellers at LE 20.65 million, while Egyptian and foreign investors were net buyers at LE .4 million and LE 18.25 million, respectively.

Egyptian individuals were net buyers at LE 11.17 million, while Arab and foreign individuals were net sellers at LE 11.61 million, and LE 936,837, respectively.

Foreign organizations bought at LE 19.18 million, while Egyptians and Arab organizations sold at LE 8.77 million, and LE 9.04, respectively.

El Arabia for Land Reclamation, Obour Land For Food Industries, and El-Nile Co. For Pharmaceuticals And Chemical Industries were top gainers of the session by 8.67 percent, 6.38 percent and 5.71 percent, respectively.

Meanwhile, National Housing for Professional Syndicates, Alexandria Cement, and Al Tawfeek Leasing Company-A.T.LEASE were top losers of the session by 5.97 percent, 4.78 percent, and 3.23 percent, respectively.

EGX ended Wednesday's session in green for the second session in row, as EGX30 increased 0.14 percent, EGX50 hiked 0.23 percent, EGX70 rose 0.38 percent, and EGX50 inched up 0.31 percent.

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