EGX loses LE 2.73B of market cap. Thursday

CAIRO – 25 July 2019: The Egyptian Exchange (EGX) ended last Thursday’s session in July on a mixed performance, losing about LE 2.73 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 dropped 0.79 percent, or 107.83 point, to close at 13,510.06 points.

The equally weighted index EGX 50 lessened 0.40 percent, or 8.15 points, to close at 2,005.08 points, and the broader index EGX 100 declined 0.08 percent, or 1.15 point, to 1,375.77 points.

On the other hand, the small and mid-cap index EGX 70 rose 0.09 percent, or 0.12 points, to close at 532.96 points.

Market capitalization lost LE 2.73 billion, recording LE 725.32 billion, compared to LE 728.05 billion in Wednesday’s session.

The trading volume reached 119.68 million shares, traded through 13,408 transactions, with a turnover of LE 447.1 million.

Egyptian investors were net buyers at LE 62.05 million, while Arab and foreign investors were net sellers at LE 812,546, and LE 61.24 million, respectively.

Egyptian and Arab individuals were net buyers at LE 13.72 million, and LE 20.45 million, respectively, while foreign individuals were net sellers at LE 208,786.

Arab and foreign organizations sold at LE 21.26 million and LE 61.03 million, respectively, while Egyptian organizations bought at LE 61.03 million.

Asek Company for Mining - Ascom, Memphis Pharmaceuticals, and Ibnsina Pharma were top gainers of the session by 9.76 percent, 6.03 percent and 5.91 percent, respectively.

Meanwhile, General Company for Land Reclamation, Development & Reconstruction, Obour Land for Food Industries, and South Cairo & Giza Mills & Bakeries were top losers of the session by 9.80 percent, 8.43 percent, and 7.65 percent, respectively.

EGX ended Wednesday’s session on mixed note, as EGX30 declined 0.49 percent, EGX 50 decreased 0.15 percent, while EGX 70 rose 0.29 percent, and EGX 100 hiked 0.16 percent.

EGX was off on Tuesday on the occasion of the July 23 Revolution's anniversary.