EGX ends Thursday in red, market cap. loses LE 7B



Thu, 18 Oct 2018 - 03:06 GMT


Thu, 18 Oct 2018 - 03:06 GMT



CAIRO - 18 October 2018: The Egyptian Exchange ended the last session of the week in red, losing around LE 6.97 billion of its market capitalization, amid Arab and foreign selling.

The benchmark EGX30 dropped 1.24 percent, or 171.44 points, to close at 13,644.16 points.

The equally weighted index EGX50 declined 1.05 percent, or 22.66 points, to reach 2,127.08 points.

On the other hand, the small and mid-cap index EGX70 decreased 0.19 percent, or 1.30 points, reaching 691.11 points, and the broader index EGX100 inched down 0.40 percent, or 7.01 points, closing at 1,740.02 points.

Market capitalization lost LE 6.97 billion, recording LE 766.95 billion, compared to LE 773.93 billion in Wednesday’s session.

The trading volume reached 170.65 million shares, traded through 20,665 transactions, with a turnover of LE 672.55 million.

Egyptian investors were net buyers at LE 20.55 million, while Arab and foreign investors were net sellers at LE 6.7 million and LE 13.83 million, respectively.

Egyptian individuals were also net buyers at LE 23.7 million, while Arab and foreign individuals were net sellers at LE 3.4 million, and LE 28.55 million, respectively.

Egyptian and Arab organizations sold at LE 3.15 million, and LE 3.28 million, respectively, while foreign organizations sold at LE 14.7 million.

Regarding Stocks, Natural Gas & Mining Project (Egypt Gas), El Arabia for Land Reclamation, and Juhayna Food Industries were top gainers of the session by 9.41 percent, 4.78 percent and 4.53 percent, respectively.

Meanwhile, Canal Shipping Agencies, Dice Sport & Casual Wear, and Arabian Food Industries DOMTY were top losers of the session by 10.80 percent, 8.25 percent, and 6.11 percent, respectively.

EGX ended Wednesday on a mixed note, as EGX30 rose 1.92 percent, and EGX50 increased 1.07 percent, while EGX70 decreased 1.30 percent, and EGX100 inched down 0.84 percent.



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