EGX ends week in red, benchmark falls 1.5%



Fri, 25 Aug 2017 - 09:00 GMT


Fri, 25 Aug 2017 - 09:00 GMT

EGX - File photo

EGX - File photo

CAIRO – 25 August 2017: The Egyptian Exchange (EGX) saw a negative performance in the week ending on August 24, an EGX weekly report revealed Thursday.

The benchmark EGX30 decreased 1.47 percent, closing the week at 12,926 points.

The small- and mid-cap index EGX70 went down 0.85 percent to end at 691 points. The broader index EGX100 also fell 1.61 percent to stand at 1,555 points.

Turnover fell to LE 3 billion ($ 169.2 million), compared to LE 3.4 billion last week. Traded volumes reached 819 million shares, down from 1.03 billion shares.

Market capitalization dropped LE 8.5 billion or 1.2 percent to reach LE 689 billion compared to LE 697.58 last week.

The financial services excluding banks topped sectors in terms of traded values and volumes with LE 505.6 million and 290.3 million shares.

Local investors acquired 74.49 percent of the market's transactions, while Arab and foreign traders represented 7.10 percent and 18.41 percent, respectively.

Arab and foreign traders were net purchasers during the week with LE 203.86 million and LE 7.176 billion.

Institutions acquired 44.54 percent of the market's transactions with total purchases valuing LE 121.27 million, while individual traders represented 55.46 percent.
Porto Group was the most active stock in terms of traded volume, exchanging 182.5 million shares, while Citadel Capital led traded values with LE 173.3 million.



Leave a Comment

Be Social