EGX ends Monday in red, market cap. loses LE2.29B



Mon, 21 Oct 2019 - 02:43 GMT


Mon, 21 Oct 2019 - 02:43 GMT



CAIRO - 21 October 2019: The Egyptian Exchange (EGX) ended second session of the week in red, losing LE 2.29 billion to market capitalization, amid Egyptian and Arab selling.

The benchmark EGX 30 declined 0.43 percent, or 60.94 point, to close at 14,178.51 points.

The equally weighted index EGX 50 dipped 0.57 percent, or 11.84 points, to end at 2,050.14 points.

The small and mid-cap index EGX 70 decreased 0.12 percent, or 0.63 points, to close at 536.11 points, and the broader index EGX 100 lessened 0.10 percent, or 1.42 points, to 1,417.02 points.

Market capitalization lost LE 2.29 billion, recording LE 715.58 billion, compared to LE 717.87 billion in Sunday's session.

The trading volume reached 136.32 million shares, traded through 17,003 transactions, with a turnover of LE 438.47 million.

Foreign investors were net buyers at LE 12.49 million, while Egyptian and Arab investors were net sellers at LE 11.81 million, and LE 680,624, respectively.

Egyptian and Arab individuals were net sellers at LE 11.25 million, and LE 4.79 million, respectively, while foreign individuals were net buyers at LE 859,183.

Arab and foreign organizations bought at LE 4.12 million, and LE 11.63 million, respectively., while Egyptian organizations sold at LE 563,472.

Gulf Canadian Real Estate Investment Co., Canal Shipping Agencies, and General Company for Land Reclamation, Development & Reconstruction were top gainers of the session by 6.74 percent, 5.01 percent and 4.36 percent, respectively.

Meanwhile, Arab Valves Company, El Arabia Engineering Industries, and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 5.14 percent, 4.21 percent, and 4.19 percent, respectively.

EGX recorded a semi-collective rise during Sunday's session, as EGX 30 rose 0.24 percent, EGX 70 climbed 0.38 percent, EGX 100 increased 0.25 percent, while EGX 50 inched down 0.06 percent.



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