FILE- Employees in the EGX following performance of the trading session FILE- Employees in the EGX following performance of the trading session

EGX shows mixed performance Monday

Mon, Aug. 19, 2019
CAIRO – 19 August 2019: The Egyptian Exchange (EGX) showed mixed performance during Monday’s session, losing about LE 2.39 billion to market capitalization, amid foreign selling.

The benchmark EGX 30 dropped 0.66 percent, or 95.33 point, to close at 14,304.37 points.

The equally weighted index EGX 50 stabilized at 2,134.43 points.

The small and mid-cap index EGX 70 climbed 0.61 percent, or 3.29 points, to close at 546.13 points, and the broader index EGX 100 jumped 0.15 percent, or 2.12 point, to 1,430.01 points.

Market capitalization lost LE 2.39 billion, recording LE 755.41 billion, compared to LE 757.8 billion in Sunday’s session.

The trading volume reached 316.65 million shares, traded through 24,714 transactions, with a turnover of LE 917.4 million.

Foreign investors were net sellers at LE 108.41 million, while Egyptian and Arab investors were net buyers at LE 84.27 million, and LE 24.14 million, respectively.

Egyptian and Arab individuals were net buyers at LE 51.75 million, and LE 4.06 million, respectively, while foreign individuals were net sellers at LE 2.79 million.

Egyptian and Arab organizations bought at LE 32.52 million, and LE 20.08 million, respectively, while foreign organizations sold at LE 105.62 million.

El Arabia Engineering Industries, Ismailia Development and Real Estate Co, and Alexandria Spinning & Weaving (SPINALEX) were top gainers of the session by 9.11 percent, 8.38 percent and 7.99 percent, respectively.

Meanwhile, Telecom Egypt, Memphis Pharmaceuticals, and Obour Land for Food Industries were top losers of the session by 5.18 percent, 4.48 percent, and 4.29 percent, respectively.

EGX ended Sunday’s session in green, as EGX30 rose 0.73 percent, EGX50 hiked 0.78 percent, EGX70 climbed 0.52 percent, and EGX100 jumped 0.49 percent.
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