EGX ends Tuesday on mixed note, market cap. loses LE 1.59B

CAIRO - 19 February 2019: The Egyptian Exchange (EGX) ended Tuesday’s session on mixed note, and market capitalization lost LE 1.59 billion, amid foreign selling.

The benchmark EGX30 decreased 0.47 percent, or 71.4 points, to close at 15,155.84 points.

Meanwhile, the equally weighted index EGX50 dropped 0.31 percent, or 7.52 points, to reach 2,445.25 points.

On an opposite direction, the small and mid-cap index EGX70 hiked 0.12 percent, or 0.89 points, to 721.9 points, and the broader index EGX100 rose 0.05 percent, or 0.94 points, to close at 1,822.37 points.

Market capitalization lost LE 1.59 billion, recording LE 836.42 billion, compared to LE 838.01 billion in Monday’s session.

The trading volume reached 268.28 million shares, traded through 28,028 transactions, with a turnover of LE 962.33 million.

Foreign investors were net sellers at LE 69.89 million, while Egyptian and Arab investors were net buyers at LE 42.62 million and LE 27.27 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 30.31 million, LE 14.32 million, and LE 11.23 million, respectively.

Foreign organizations sold at LE 81.12 million, while Egyptians and Arab organizations bought at LE 12.31 million, and LE 12.95 million, respectively.

National Drilling, Assiut Islamic Trading, and Egyptian Arabian (cmar) Securities Brokerage EAC were top gainers of the session by 9.01 percent, 7.37 percent and 6.50 percent, respectively.

Meanwhile, Rubex International for Plastic and Acrylic Manufacturing, Modern Company for water proofing (Bitumode), and GB AUTO were top losers of the session by 9.24 percent, 4.82 percent, and 3.83 percent, respectively.