EGX ends Sunday on mixed performance, market cap. loses LE 1.9B



Sun, 20 May 2018 - 12:26 GMT


Sun, 20 May 2018 - 12:26 GMT

The Egyptian Exchange- File Photo

The Egyptian Exchange- File Photo

CAIRO - 20 May 2018: The Egyptian Exchange (EGX) ended Sunday on a mixed note and market capitalization lost LE 1.9 billion ($106.51 million) amid Egyptian and Arab selling.

The benchmark EGX30 declined 0.57 percent, or 95.59 points, to close at 16,782.07 points.

The equally weighted index EGX50 edged down 0.05 percent, or 1.57 points, to reach 2,897.48 points.

On the other hand, the small- and mid-cap index EGX70 rose 0.17 percent, or 1.42 points, closing at 853.67 points, and the broader index EGX100 climbed 0.08 percent, or 1.8 points, to close at 2,183.25 points.

Market capitalization lost LE 1.9 billion, recording LE 946.48 billion, compared to LE 948.39 billion in Thursday’s session.

The trading volume reached 157.54 million shares, traded through 16,192 transactions, with a turnover of LE 613.15 million.

Foreign investors were net buyers at LE 32.51 million, while Egyptian and Arab investors were net sellers at LE 29.99 million and LE 2.51 million, respectively.

Arab and foreign individuals were net buyers at LE 9.68 million and LE 24.13 million, respectively, while Egyptian individuals were net sellers at LE 5.22 million.

Egyptian and Arab organizations sold at LE 24.77 million and LE 12.2 million, respectively, while foreign organizations bought at LE 8.38 million.

Saudi Egyptian Investment & Finance, El Arabia for Land Reclamation, and Wadi Kom Ombo Land Reclamation were top gainers of the session by 9.97 percent, 9.88 percent and 9.27 percent, respectively.

El Ahram Co. for Printing and Packing, El Obour Real Estate Investment and Reacap Financial Investments were top losers of the session by 9.73 percent, 6.83 percent and 4.68 percent, respectively.

The EGX ended Thursday's session on mixed performance, as the EGX30 declined 0.68 percent, and the EGX50 slipped 0.47 percent, while the EGX70 rose 0.45 percent and the EGX100 went up 0.13 percent.

Trading on the EGX during the holy month of Ramadan is from 10 a.m. to 1:30 p.m. (CLT).



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