EGX stays in red for 3rd session in row Tuesday

CAIRO - 25 December 2018: The Egyptian Exchange (EGX) ended the mid-week session in re, recording the third session in row in the red zone , and market capitalization lost LE 4.44 billion, amid Arab and foreign selling.

The benchmark EGX30 declined 0.89 percent, or 113.81 points, to close at 12,670.63 points.

The equally weighted index EGX50 dropped 0.64 percent, or 13.45 points, to reach 2,083.85 points.

The small and mid-cap index EGX70 dipped 0.25 percent, or 1.66 points, reaching 669.81 points, and the broader index EGX100 decreased 0.34 percent, or 5.7 points, to close at 1,670.16 points.

Market capitalization lost LE 4.44 billion, recording LE 727.06 billion, compared to LE 731.50 billion in Monday’s session.

The trading volume reached 95.09 million shares, traded through 16,205 transactions, with a turnover of LE 380.01 million.

Egyptians investors were net buyers at LE 19.9 million, while Arab and foreign investors were net sellers at LE 6.6 million and LE 13.34 million, respectively.

Egyptian and foreign individuals were net buyers at LE 7.96 million and LE 398,446, respectively, while Arab individuals were net sellers at LE 5.14 million.

Arab and foreign organizations sold at LE 1.46 million, and LE 13.74 million, respectively, while Egyptian organizations bought at LE 11.97 million.

Modern Company for water proofing (Bitumode), Torah Cement, and Raya Holding For Financial Investments were top gainers of the session by 9.95 percent, 6.19 percent and 3.68 percent, respectively.

Meanwhile, North Africa Co. for Real Estate Investment, Wadi Kom Ombo Land Reclamation, and El Arabia Engineering Industries were top losers of the session by 9.34 percent, 7.98 percent, and 4.67 percent, respectively.

EGX ended Monday’s session in red, as EGX 30 declined 1.26 percent, EGX50 decreased 1.05 percent, EGX70 inched down 0.38 percent, EGX100 went down 0.50 percent.