EGX- Reuters EGX- Reuters

EGX ends Wednesday's session in red zone

Wed, Jul. 17, 2019
CAIRO – 17 July 2019: The Egyptian Exchange (EGX) ended Wednesday's session in red, losing about LE 2.37 billion of market capitalization, amid Arab selling.

The benchmark EGX 30 lessened 0.58 percent, or 79.88 point, to close at 13,641.94 points.

The equally weighted index EGX 50 decreased 0.67 percent, or 13.58 points, to close at 2,010.33 points.

Moreover, the small and mid-cap index EGX 70 dipped 0.30 percent, or 1.58 points, to close at 530.29 points, and the broader index EGX 100 declined 0.35 percent, or 4.88 point, to 1,371.54 points.

Market capitalization lost LE 2.37 billion, recording LE 727.12 billion, compared to LE 729.49 billion in Tuesday’s session.

The trading volume reached 123.1 million shares, traded through 12,603 transactions, with a turnover of LE 426.09 million.

Arab investors were net sellers at LE 59.54 million, while Egyptian and foreign investors were net buyers at LE 23.37 million, and LE 36.16 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 39.14 million, LE 1.51 million, and LE 4.68 million, respectively.

Egyptian and Arab organizations sold at LE 15.77 million, and LE 61.04 million, respectively, while foreign organizations bought at LE 31.48 million.

Egyptian Real Estate Group, Modern Company for water proofing (Bitumode), and Assiut Islamic Trading were top gainers of the session by 7.01 percent, 6.79 percent and 6.55 percent, respectively.

Meanwhile, Sharkia National Food, Arab Aluminum, and Obour Land for Food Industries were top losers of the session by 9.97 percent, 5.49 percent, and 4.65 percent, respectively.

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