EGX flags in red during Monday

CAIRO – 29 July 2019: The Egyptian Exchange (EGX) continued its existence in the red zone during Monday's session, losing about LE 3.27 billion of market capitalization, amid Arab individuals selling.

The benchmark EGX 30 dropped 0.28 percent, or 38.09 point, to close at 13,421.91 points.

The equally weighted index EGX 50 lessened 0.81 percent, or 16.28 points, to close at 1,985.16 points.

The small and mid-cap index EGX 70 declined 0.42 percent, or 2.21 points, to close at 524.53 points, and the broader index EGX 100 dipped 0.43 percent, or 5.84 point, to 1,356.7 points.

Market capitalization lost LE 3.27 billion, recording LE 720.02 billion, compared to LE 723.29 billion in Sunday's session.

The trading volume reached 97.87 million shares, traded through 13,355 transactions, with a turnover of LE 389.65 million.

Arab investors were net sellers at LE 26.31 million, while Egyptian and foreign investors were net buyers at LE 3.29 million, and LE 23.02 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 22.68 million, LE 12.92 million and LE 1.72 million, respectively.

Egyptian and foreign organizations bought at LE 25.97 million, and LE 24.74 million, respectively, while Arab organizations sold at LE 13.38 million.

Egyptian Starch & Glucose, The Arab Dairy Products Co. Arab Dairy - Panda, and Sues Canal Company for Technology Settling were top gainers of the session by 9.94 percent, 9.94 percent and 9.91 percent, respectively.

Meanwhile, Ismailia National Food Industries, Wadi Kom Ombo Land Reclamation, and Sarwa Capital Holding were top losers of the session by 7.26 percent, 5.96 percent, and 5.45 percent, respectively.

EGX ended Sunday's session in red, as EGX30 declined 0.37 percent, EGX 50 decreased 0.18 percent, EGX 70 dipped 1.17 percent, and EGX 100 lessened 0.96 percent.