EGX loses LE9.11B of market cap. Sunday

CAIRO – 9 December 2018: The Egyptian Exchange (EGX) ended Sunday’s session in red, amid Egyptian and Arab selling, and market capitalization lost about LE 9.11 billion.

The benchmark EGX30 declined 2 percent, or 247.58 points, to close at 12,140 points.

The equally weighted index EGX50 decreased 2.10 percent, or 43.15 points, to reach 2,008.08 points.

The small and mid-cap index EGX70 inched down 0.93 percent, or 6.18 points, reaching 654.85 points, and the broader index EGX100 went down 1.10 percent, or 18.2 points, to close at 1,629.22 points.

Market capitalization lost LE 9.11 billion, recording LE 703.73 billion, compared to LE 712.84 billion in Thursday’s session.

The trading volume reached 105.01 million shares, traded through 17,603 transactions, with a turnover of LE 441.58 million.

Foreign investors were net buyers at LE 67.43 million, while Egyptian and Arab investors were net sellers at LE 55.66 and LE 11.77 million, respectively.

Egyptian individuals were net sellers at LE 39.09 million, while Arab and foreign individuals were net buyers at LE 4.05 million, and LE 644,479, respectively.

Foreign organizations bought at LE 66.79 million, while Egyptian and Arab organizations sold at LE 16.57 million, and LE 15.82 million, respectively.

The Arab Ceramic CO.- Ceramica Remas, United Housing & Development, and Alexandria Flour Mills were top gainers of the session by 4.73 percent, 3.76 percent and 3.74 percent, respectively.

Meanwhile, Six of October Development & Investment (SODIC), El-Nile Co. for Pharmaceuticals and Chemical Industries, and Arab Pharmaceuticals were top losers of the session by 9.25 percent, 9.01 percent, and 8.74 percent, respectively.

EGX ended Thursday’s in red, as EGX 30 declined 1.58 percent, EGX50 decreased 0.88 percent, EGX70 inched down 0.17 percent, and EGX100 went down 0.33 percent.