EGX ends Tuesday in red for second session in row

CAIRO – 26 March 2019: The Egyptian Exchange (EGX) ended Tuesday’s session in red for the second session in row, and market capitalization lost LE 2.8 billion, amid Arab and foreign organizations selling.

The benchmark EGX30 dropped 0.23 percent, or 33.4 points, to close at 14,637.4 points.

The equally weighted index EGX50 decreased 0.01 percent, or 0.16 points, to reach 2,385.64 points.

The small and mid-cap index EGX70 dipped 0.40 percent, or 2.71 points, to close at 681.55 points, and the broader index EGX100 inched down 0.38 percent, or 6.6 point, to 1,728.22 points.

Market capitalization lost LE 2.8 billion, recording LE 810.49 billion, compared to LE 813.29 billion in Monday’s session.

The trading volume reached 221.03 million shares, traded through 19,787 transactions, with a turnover of LE 831.71 million.

Egyptian investors were net buyers at LE 109.51 million, while Arab and foreign investors were net sellers at LE 7.24 million and LE 104.27 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 30.09 million, LE 18.95 million and LE 3.49 million, respectively.

Arab and foreign organizations sold at LE 26.19 million and LE 105.76 million, respectively, while Egyptian organizations bought at LE 79.42 million.

Mena Touristic & Real Estate Investment, Delta Construction & Rebuilding, and National Bank Of Kuwait- Egypt (NBK) were top gainers of the session by 6.85 percent, 6.23 percent and 5.21 percent, respectively.

Meanwhile, Cairo Oils & Soap, TransOceans Tours, and Naeem Holding were top losers of the session by 6.16 percent, 5.26 percent, and 4.70 percent, respectively.

EGX ended Monday’s session in red, as EGX30 dropped 1.15 percent, EGX50 decreased 1.40 percent, EGX70 inched down 0.30 percent, and EGX100 dipped 0.47 percent.