FILE - EGX - Reuters FILE - EGX - Reuters

EGX ends Wednesday in red amid foreign organization selling

Wed, Oct. 23, 2019
CAIRO - 23 October 2019: The Egyptian Exchange (EGX) ended Wednesday's session in red, losing LE 4.39 billion to market capitalization, amid foreign organization selling.

The benchmark EGX 30 declined 0.53 percent, or 74.81 point, to close at 14,126.51 points.

The equally weighted index EGX 50 dipped 1.21 percent, or 24.71 points, to end at 2,025.59 points.

The small and mid-cap index EGX 70 decreased 1.21 percent, or 6.46 points, to close at 528.74 points, and the broader index EGX 100 lessened 0.98 percent, or 13.81 points, to 1,400.15 points.

Market capitalization lost LE 4.39 billion, recording LE 710.24 billion, compared to LE 714.63 billion in Tuesday's session.

The trading volume reached 152.31 million shares, traded through 16,655 transactions, with a turnover of LE 433.86 million.

Foreign investors were net sellers at LE 9.39 million, while Egyptian and Arab investors were net buyers at LE 5.16 million, and LE 4.23 million, respectively.

Egyptian and Arab individuals were net sellers at LE 15.03 million, and LE 6.97 million, respectively, while foreign individuals were net buyers at LE 186,658.

Egyptian and Arab organizations bought at LE 20.19 million, and LE 11.21 million, respectively, while foreign organizations sold at LE 9.58 million.

Ismailia Development and Real Estate Co., Mena Touristic & Real Estate Investment, and National Real Estate Bank for Development were top gainers of the session by 8.73 percent, 4.07 percent and 3.98 percent, respectively.

Meanwhile, Arab Pharmaceuticals, Misr Hotels, and Alexandria Cement were top losers of the session by 11.63 percent, 8.32 percent, and 8.17 percent, respectively.

EGX ended Tuesday's session on mixed note, as EGX 30 rose 0.16 percent, EGX 70 dipped 0.17 percent, and EGX 100 decreased 0.22 percent.
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