EGX ends Monday in red, market cap. loses LE3.67B

BY

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Mon, 26 Aug 2019 - 04:32 GMT

BY

Mon, 26 Aug 2019 - 04:32 GMT

FILE – EGX

FILE – EGX

CAIRO – 26 August 2019: The Egyptian Exchange (EGX) ended Monday’s session in red, losing about LE 3.67 billion of market capitalization, amid foreign selling.

The benchmark EGX 30 declined 0.35 percent, or 49.48 point, to close at 14,291.03 points.

The equally weighted index EGX 50 declined 0.70 percent, or 15.12 points, to end at 2,140.44 points.

The small and mid-cap index EGX 70 inched down 0.74 percent, or 4.04 points, to close at 544.57 points, and the broader index EGX 100 lessened 0.55 percent, or 7.87 point, to 1,427.15 points.

Market capitalization lost LE 3.67 billion, recording LE 753.08 billion, compared to LE 756.76 billion in Sunday’s session.

The trading volume reached 224.95 million shares, traded through 21,874 transactions, with a turnover of LE 787 million.

Foreign investors were net sellers at LE 44.54 million, while Egyptian and Arab investors were net buyers at LE 25.95 million, and LE 18.59 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 124.21 million, LE 7.12 million, and LE 2.15 million, respectively.

Egyptian and Foreign organization sold LE 98.25 million and LE 46.69 million, respectively, while Arab organizations bought at LE 11.46 million.

Alexandria National Company for Financial Investment, Egyptian Financial & Industrial, and Arab Co. for Asset Management and Development were top gainers of the session by 8.81 percent, 6.92 percent and 6.72 percent, respectively.

Meanwhile, El Nasr for Manufacturing Agricultural Crops, Ezz Steel, and Porto Group were top losers of the session by 4.79 percent, 4.62 percent, and 4.55 percent, respectively.
EGX ended Sunday’s session on mixed note, as EGX30 rose 0.05 percent, while EGX50 declined 0.75 percent, EGX70 inched down 0.81 percent, and EGX100 lessened 0.57 percent.

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