EGX ends Thursday on mixed note for 3rd session in row

CAIRO – 13 June 2019: The Egyptian Exchange (EGX) continues its mixed performance for the third consecutive session during Thursday, losing LE 97.5 million of market capitalization, amid foreign individuals selling.

The benchmark EGX 30 rose 0.16 percent, or 22.42 points, to close at 14,180.53 points.

The equally weighted index EGX 50 increased 0.10 percent, or 2.02 points, to reach 2,120.78 points.

On the other hand, the small and mid-cap index EGX 70 declined 0.14 percent, or 0.85 points, to close at 605.57 points, and the broader index EGX 100 inched down 0.06 percent, or 0.92 point, to 1,546.83 points.

Market capitalization lost LE 97.5 million, recording LE 759.79 billion, compared to LE 759.89 billion in Wednesday's session.

The trading volume reached 105.22 million shares, traded through 18,888 transactions, with a turnover of LE 559.74 million.

Foreign investors were net sellers at LE 46.79 million, while Egyptian and Arab investors were net buyers at LE 14.34 million, and LE 32.79 million, respectively.

Egyptian, Arab, and foreign individuals were net buyers at LE 6.09 million, LE 5.3 million and LE 3634,184, respectively.

Egyptian and Arab organizations bought at LE 8.25, and LE 27.15 million, respectively, while foreign organizations sold at LE 47.43 million.

Nozha International Hospital, Zahraa Maadi Investment & Development, and El Ahram Co. for Printing And Packing were top gainers of the session by 9.98 percent, 8.78 percent and 8.41 percent, respectively.

Meanwhile, Raya Contact Center, Alexandria New Medical Center, and El Kahera Housing were top losers of the session by 10.08 percent, 8.61 percent, and 6.84 percent, respectively.

EGX ended Wednesday's session on mixed note for the second consecutive session, as EGX30 dropped 0.34 percent, and EGX50 decreased 0.59 percent, while EGX70 hiked 0.12 percent, and EGX70 inched up 0.05 percent.