FILE- The EGX trading session on December 12, 2017 FILE- The EGX trading session on December 12, 2017

EGX loses LE 1.67B of market cap. Wednesday

Wed, Aug. 21, 2019
CAIRO – 21 August 2019: The Egyptian Exchange (EGX) ended Wednesday’s session in a semi collective regression, losing about LE 1.67 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 dropped 0.49 percent, or 70.91 point, to close at 14,357.18 points.

The equally weighted index EGX 50 declined 0.20 percent, or 4.35 points, to end at 2,168.48 points, and the broader index EGX 100 lessened 0.49 percent, or 70.9 point, to 1,443.25 points.

On the other hand, the small and mid-cap index EGX 70 climbed 0.40 percent, or 2.2 points, to close at 553.28 points.

Market capitalization lost LE 1.67 billion, recording LE 760.37 billion, compared to LE 762.04 billion in Tuesday’s session.

The trading volume reached 283.25 million shares, traded through 24,917 transactions, with a turnover of LE 925.55 million.

Egyptian investors were net buyers at LE 94.12 million, while Arab and foreign investors were net sellers at LE 42.85 million, and LE 51.26 million, respectively.

Egyptian and foreign individuals were net buyers at LE 109.02 million, and LE 1.15 million, respectively, while Arab individuals were net sellers at LE 21.67 million.

Egyptian, Arab and foreign organizations sold at LE 14.9 million, LE 21.18 million and LE 52.41 million, respectively.

El Arabia Engineering Industries, Mansourah Poultry, and CI Capital Holding for Financial Investments were top gainers of the session by 10.32 percent, 8.05 percent and 7.19 percent, respectively.

Meanwhile, Rubex International for Plastic and Acrylic Manufacturing, Edita Food Industries S.A.E, and Emaar Misr for Development were top losers of the session by 9.26 percent, 8.13 percent, and 4.19 percent, respectively.

EGX ended Tuesday’s session in green, as EGX30 hiked 0.86 percent, EGX50 jumped 1.80 percent, EGX70 climbed 0.91 percent, and EGX100 jumped 0.94 percent.
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