EGX ends Wednesday on mixed note amid Arab selling

Wed, Jul. 10, 2019
CAIRO – 10 July 2019: The Egyptian Exchange (EGX) continued its mixed performance during Wednesday’s session, losing about LE 2.27 billion to market capitalization, amid Arab selling.

The benchmark EGX 30 declined 0.60 percent, or 84.17 point, to close at 14,013.26 points.

The equally weighted index EGX 50 decreased 1.24 percent, or 26.08 points, to close at 2,069.81 points.

On the other hand, the small and mid-cap index EGX 70 rose 0.43 percent, or 2.35 points, to close at 545.74 points, and the broader index EGX 100 hiked 0.22 percent, or 3.14 point, to 1,411.94 points.

Market capitalization lost LE 2.27 billion, recording LE 746.88 billion, compared to LE 749.16 billion in Tuesday’s session.

The trading volume reached 132.94 million shares, traded through 16,894 transactions, with a turnover of LE 537.08 million.

Arab investors were net sellers at LE 40.37 million, while Egyptian and foreign investors were net buyers at LE 52.03 million, and LE 11.65 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 78.99 million, LE 11.36 million, and LE 1.82 million, respectively.

Egyptian, Arab and foreign organizations sold at LE 26.96 million, LE 51.74 million, and LE 13.46 million, respectively.

Qatar National Bank Alahly, Egyptian International Tourism Projects, and Sarwa Capital Holding were top gainers of the session by 5.46 percent, 3.77 percent and 2.62 percent, respectively.

Meanwhile, Grand Investment Capital, Universal for Paper and Packaging Materials (Unipack), and GMC Group for Industrial Commercial and Financial Investment were top losers of the session by 8.25 percent, 6.71 percent, and 6.49 percent, respectively.

EGX ended Tuesday’s session on mixed note, as EGX30 rose 0.39 percent, EGX50 increased 0.05 percent, while EGX70 inched down 2.31 percent, and EGX100 dropped 1.87 percent.
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