EGX flags in red during Sunday’s mid-session

CAIRO – 22 September 2019: The Egyptian Exchange (EGX) flagged in red during the mid-session of Sunday, amid Egyptian selling.

The benchmark EGX 30 dropped4.53 percent, or 668 point, to reach 14,073 points.

The equally weighted index EGX 50 declined6.27 percent, to hit1,979.5 points.

The small and mid-cap index EGX 70 lessened 4.99 percent, to log512.7 points, and the broader index EGX 100 decreased 5 percent, to 1,467.9 points.

The trading volume reached 178 million shares, traded through 18,500 transactions, with a turnover of LE 580.8 million.

Egyptian investors were net sellers at LE 181.5 million, while Arab and foreign investors were net buyers at LE 128.9 million, and LE 52.6 million, respectively.

As per stocks, Commercial International Bank decreased 3.92 percent to LE 77.25.

Alexandria Mineral Oils Company (AMOC), Sidi Krir, and Iron and Steel were top losers of leading stocks by 11.2 percent, 10.3 percent and 10 percent, respectively.

In Thursday, EGX ended session on mixed note, as EGX30 inched down 0.02 percent, EGX70 lessened 0.23 percent, EGX100 decreased 0.04 percent, while EGX50 rose 0.92 percent.