EGX flags in red Monday, loses LE 6.79B of market cap.

CAIRO - 18 November 2019: The Egyptian Exchange (EGX) ended Monday's session in red, losing LE 6.79 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 declined 1.22 percent, or 177.73 points, to close at 14,378.59 points.

The equally weighted index EGX 50 decreased 1.15 percent, or 24.1 points, to end at 2,069.42 points.

The small and mid-cap index EGX 70 dipped 0.94 percent, or 5.1 points, to close at 536.46 points, and the broader index EGX 100 dropped 0.95 percent, or 13.69 points, to 1,424.69 points.

Market capitalization lost LE 6.79 billion, recording LE 719.95 billion, compared to LE 726.75 billion in Sunday's session.

The trading volume reached 107.22 million shares, traded through 16,207 transactions, with a turnover of LE 535.06 million.

Foreign investors were net sellers at LE 11.93 million, while Egyptian and Arab investors were net buyers at LE 5.96 million, and LE 5.97 million, respectively.

Arab and foreign individuals were net buyers at LE 10.85 million, and LE 1.97 million, respectively, while Egyptian individuals were net sellers at LE 9.43 million.

Arab and foreign organizations sold at LE 4.88 million, and LE 13.9 million, respectively, while Egyptian organizations bought at LE 15.39 million.

Nozha International Hospital, Egyptian Satellites (NileSat), and Arabian Food Industries DOMTY were top gainers of the session by 6.72 percent, 4.82 percent and 2.67 percent, respectively.

Meanwhile, Egyptian Starch & Glucose, Alexandria Cement , and Marsa Marsa Alam For Tourism Development were top losers of the session by 7.55 percent, 7.34 percent, and 4.79 percent, respectively.

On Sunday, EGX ended trading in a semi-collective regression , EGX30 inched up 0.07 percent, while EGX50 dipped 0.56 percent, EGX70 decreased 0.85 percent, and EGX100 dropped 0.63 percent.