EGX ends Sunday in red amid foreign selling


Sun, 21 Jul 2019 - 03:31 GMT

FILE- The EGX trading session on December 12, 2017, which is the first trading day of Ibnsina IPO

FILE- The EGX trading session on December 12, 2017, which is the first trading day of Ibnsina IPO

CAIRO – 21 July 2019: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing about LE 4.35 billion of market capitalization, amid foreign selling.

The benchmark EGX 30 declined 0.69 percent, or 94.01 point, to close at 13,576.26 points.

The equally weighted index EGX 50 decreased 0.50 percent, or 10.11 points, to close at 2,010.07 points.

Moreover, the small and mid-cap index EGX 70 dropped 0.17 percent, or 0.9 points, to close at 531.07 points, and the broader index EGX 100 dipped 0.27 percent, or 3.77 point, to 1,372.31 points.

Market capitalization lost LE 4.35 billion, recording LE 725.54 billion, compared to LE 729.88 billion in Thursday’s session.

The trading volume reached 106.8 million shares, traded through 10,573 transactions, with a turnover of LE 257.52 million.

Foreign investors were net sellers at LE 33.9 million, while Egyptian and Arab investors were net buyers at LE 28.97 million, and LE 4.9 million, respectively.

Egyptian and Arab individuals were net buyers at LE 29.83 million, and LE 2.37 million, respectively, while foreign individuals were net sellers at LE 1.16 million.

Egyptian and foreign organizations sold at LE 850,717 and LE 32.74 million, respectively, while Arab organizations bought at LE 2.55 billion.

East Delta Flour Mills, Dice Sport & Casual Wear, and Arab Moltaka Investments Co were top gainers of the session by 9.17 percent, 6.37 percent and 4 percent, respectively.

Meanwhile, Lecico Egypt, Zahraa Maadi Investment & Development, and Cairo for Investment and Real Estate Development were top losers of the session by 10 percent, 5.34 percent, and 4.19 percent, respectively.

EGX ended Thursday’s session in green, as EGX30 rose 0.21 percent, EGX50 increased 0.49 percent, EGX70 hiked 0.32, and EGX100 inched up 0.33 percent.



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