EGX ends week in red, market cap. loses LE652.6M

CAIRO – 1 November 2018: The Egyptian Exchange (EGX) ended the last session of the week in red, amid Egyptian and foreign selling, and market capitalization loses LE 652.6 million.

The benchmark EGX30 dropped 0.36 percent, or 47.97 points, to close at 13,202.32 points.

The equally weighted index EGX50 declined 0.19 percent, or 4.09 points, to reach 2,101.67 points.

The small and mid-cap index EGX70 decreased 1.12 percent, or 7.81 points, reaching 687.57 points, and the broader index EGX100 inched down 0.96 percent, or 16.77 points, closing at 1,722.31 points.

Market capitalization lost LE 652.6 million, recording LE 750.93 billion, compared to LE 751.58 billion in Wednesday’s session.

The trading volume reached 230.64 million shares, traded through 25,251 transactions, with a turnover of LE 901.51 million.

Arab investors were net buyers at LE 48.03 million, while Egyptian and foreign investors were net sellers at LE 9.47 million and LE 38.56 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 36.27 million, Le 18.07 million and LE 3.95 million, respectively.

Egyptian and foreign organizations sold at LE 45.74 million, and LE 42.52 million, respectively, while Arab organizations bought at LE 29.96 million.

Regarding Stocks, Wadi Kom Ombo Land Reclamation, Rakta Paper Manufacturing, and United Housing & Development were top gainers of the session by 9.55 percent, 8.48 percent and 8.09 percent, respectively.

Meanwhile, Sidi Kerir Petrochemicals, El Ahram Co. for Printing and Packing, and Egyptian Arabian (cmar) Securities Brokerage EAC were top losers of the session by 7.65 percent, 7.02 percent, and 5.03 percent, respectively.

EGX ended Wednesday's session in green, as EGX30 rose 0.73 percent, EGX50 inched up 0.71 percent, EGX70 hiked 2.17 percent, and EGX100 increased 1.80 percent.