EGX ends Tuesday in red, market cap. loses LE 11B

CAIRO – 19 March 2019: The Egyptian Exchange (EGX) ended Tuesday’s session in red for the second session in row, and market capitalization lost around LE 11 billion, amid foreign Organizations selling.

The benchmark EGX30 declined 1.78 percent, or 265.25 points, to close at 14,645.53 points.

The equally weighted index EGX50 decreased 1.73 percent, or 42.08 points, to reach 2,395.52 points.

The small and mid-cap index EGX70 dipped 1.56 percent, or 10.86 points, to close at 684.35 points, and the broader index EGX100 lessened 1.59 percent, or 27.98 point, to 1,736.03 points.

Market capitalization lost LE 11 billion, recording LE 818.03 billion, compared to LE 829.04 billion in Monday’s session.

The trading volume reached 200.62 million shares, traded through 23,944 transactions, with a turnover of LE 969.28 million.

Foreign investors were net sellers at LE 103.83 million, while Egyptian and Arab investors were net buyers at LE 50.95 million and LE 52.88 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 41.46 million, LE 6.98 million, and LE 86,264, respectively.

Egyptian and Arab organizations bought at LE 9.48 million and LE 45.9 million, respectively, while foreign organizations sold at LE 103.92 million.

Alexandria Pharmaceuticals, Qatar National Bank Alahly, and Egypt Aluminum were top gainers of the session by 2.46 percent, 2.27 percent and 1.67 percent, respectively.

Meanwhile, Egyptian Satellites (NileSat), Egyptians Abroad for Investment & Development, and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 8.89 percent, 5.80 percent, and 5.26 percent, respectively.

EGX ended Monday’s session in red, as EGX30 declined 0.82 percent, EGX50 decreased 0.79 percent, EGX70 inched down 0.35 percent, and EGX100 dipped 0.41 percent.