EGX starts week in red zone

CAIRO – 15 September 2019: The Egyptian Exchange (EGX) ended Sunday’s session in red,losing about LE 3.5 billion of market capitalization, amid Egyptianselling.

The benchmark EGX 30 declined0.58 percent, or 87.14 point, to close at 15,023.23 points.

The equally weighted index EGX 50 dropped0.63 percent, or 13.94 points, to end at 2,184.63 points.

The small and mid-cap index EGX 70 inched down0.45 percent, or 2.51 points, to close at 553.98 points, and the broader index EGX 100 decreased0.44 percent, or 6.46 point, to 1,474.16 points.

Market capitalization lost LE 3.5 billion, recording LE 751.63 billion, compared to LE 755.14 billion in Thursday’s session.

The trading volume reached 118.76 million shares, traded through 17,447 transactions, with a turnover of LE 467.06 million.

Egyptian investors were net sellers at LE 20.51 million, while Arab and foreign investors were net buyers at LE 17.006 million, and LE 3.45 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 39.8 million, LE 12.56 million, and LE 18,046, respectively.

Egyptian organizations sold at LE 60.32 million, whileArab and foreign organization boughtat LE 4.5 million, and LE 3.43 million, respectively.

El Kahera El Watania Investment, Misr Hotels, and Memphis Pharmaceuticals were top gainers of the session by 9.82 percent, 9.42 percent and 7.88 percent, respectively.

Meanwhile, Arab Dairy Products Co. Arab Dairy - Panda, Abu Dhabi Islamic Bank- Egypt, and Misr Cement (Qena) were top losers of the session by 9.84 percent, 5.33 percent, and 4.88 percent, respectively.

EGX showed mixed performance during Thursday’s session, as EGX 30 rose 0.64 percent, EGX 50 hiked 0.22 percent, while EGX 70 inched down 0.03 percent, and EGX 100 decreased 0.03 percent.