EGX ends 1st session of week in red

CAIRO – 12 August 2018: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing LE 8.38 billion of its market capitalization, amid Egyptian and foreign selling.

The benchmark EGX30 slipped 1.17 percent, or 185.72 points, to close at 15,738.34 points.

The equally weighted index EGX50 declined 1.45 percent, or 38.38 points, to reach 2,605.06 points.

The small and mid-cap index EGX70 decreased 0.43 percent, or 3.28 points, reaching 750.78 points, and the broader index EGX100 inched down 0.72 percent, or 14.03 points, closing at 1,939.70 points.

Market capitalization lost LE 8.38 billion, recording LE 877.39 billion, compared to LE 885.77 billion in Thursday’s session.

The trading volume reached 166.41 million shares, traded through 17,067 transactions, with a turnover of LE 428.18 million.

Arab investors were net buyers at LE 25.5 million, while Egyptian and foreign investors were net sellers at LE 15.49 million and LE 10.02 million, respectively.

Egyptian , Arab and foreign individuals were net buyers at LE 15.8 million, LE 6.51 million and LE 1.86 million, respectively.

Egyptian and foreign organizations were net sellers at LE 31.32 million and LE 11.88 million, respectively, while Arab organizations were net buyers at LE 19 million.

El Obour Real Estate Investment, Electro Cable Egypt, and Kafr El Zayat Pesticides were top gainers of the session by 9.82 percent, 6.74 percent and 5.40 percent, respectively.

On the other hand, TransOceans Tours, Alexandria New Medical Center, and El Ahram Co. for Printing and Packing were top losers of the session by 14.29 percent, 8.47 percent, and 6.73 percent, respectively.

EGX ended Thursday’s session on a mixed performance, as EGX30 hiked 0.39 percent, EGX50 climbed 0.42 percent, and EGX100 increased 0.02 percent, while EGX70 inched down 0.07 percent.