EGX shows mixed performance Thursday ahead of MPC meeting

CAIRO – 22 August 2019: The Egyptian Exchange (EGX) continued its mixed performance during last session of the head ahead of Monetary Policy Committee (MPC) meeting Thursday, , losing about LE 1.08 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 dropped 0.17 percent, or 24.02 point, to close at 14,333.16 points.

The equally weighted index EGX 50 rose 0.15 percent, or 3.33 points, to end at 2,171.81 points.

The small and mid-cap index EGX 70 inched down 0.04 percent, or 0.2 points, to close at 553.08 points, and the broader index EGX 100 lessened 0.10 percent, or 1.38 point, to 1,444.63 points.

Market capitalization lost LE 1.08 billion, recording LE 759.29 billion, compared to LE 760.37 billion in Wednesday's session.

The trading volume reached 186.81 million shares, traded through 19,951 transactions, with a turnover of LE 666.49 million.

Egyptian investors were net buyers at LE 44.97 million, while Arab and foreign investors were net sellers at LE 21.65 million, and LE 23.32 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 28 million, LE 4.65 million, and LE 1.29 million, respectively.

Egyptian organization bought LE 16.96 million, while Arab and foreign organizations sold at LE 26.29 million, and LE 24.55 million, respectively.

Alexandria National Company for Financial Investment, Sabaa International Company for Pharmaceutical and Chemical, and Rubex International for Plastic and Acrylic Manufacturing were top gainers of the session by 9.80 percent, 7.95 percent and 6.38 percent, respectively.

Meanwhile, Upper Egypt Flour Mills, Lecico Egypt, and East Delta Flour Mills were top losers of the session by 6.44 percent, 6.17 percent, and 5.89 percent, respectively.

EGX ended Wednesday's session in semi-collective regression, as EGX30 dropped 0.49 percent, EGX50 declined 0.20 percent, EGX100 lessened 0.49 percent, while EGX70 jumped 0.40 percent.