EGX starts week on mixed note amid Arab selling

CAIRO - 11 November 2019: The Egyptian Exchange (EGX) ended the first session of the week, Monday, on mixed note, losing LE 334.22 million of market capitalization, amid Arab selling.

Sunday, Nov. 10, was an official holiday for EGX on the anniversary of Prophet Muhammad’s birthday.

The benchmark EGX 30 declined 0.18 percent, or 25.92 point, to close at 14,769.95 points.

On the other hand, the equally weighted index EGX 50 increased 0.22 percent, or 4.72 points, to end at 2,127.28 points.

The small and mid-cap index EGX 70 climbed 0.73 percent, or 3.98 points, to close at 551.43 points, and the broader index EGX 100 jumped 0.18 percent, or 2.64 points, to 1,462.21 points.

Market capitalization lost LE 334.22 million, recording LE 737.03 billion, compared to LE 737.36 billion in Thursday’s session.

The trading volume reached 196.43 million shares, traded through 22,999 transactions, with a turnover of LE 910.78 million.

Arab investors were net sellers at LE 26.61 million, while Egyptian and foreign investors were net sellers at LE 16.93 million, and LE 9.68 million, respectively.

Egyptian and Arab individuals were net sellers at LE 40.01 million,, and LE 14 million, respectively, while foreign individuals were net buyers LE 3.9 million.

Egyptian and foreign organizations bought at LE 56.94 million, and LE 5.78 million, respectively, while Arab organizations sold at LE 12.6 million.

Egyptian Real Estate Group, Sues Canal Company For Technology Settling, and Arab Valves Company were top gainers of the session by 10.31 percent, 6.22 percent and 5.56 percent, respectively.

Meanwhile, Assiut Islamic Trading, El Obour Real Estate Investment, and Middle & West Delta Flour Mills were top losers of the session by 7.56 percent, 6.55 percent, and 5.12 percent, respectively.

EGX ended Thursday’s session in green, as EGX 30 rose 0.59 percent, EGX 50 increased 0.52 percent, EGX70 hiked 0.48 percent, and EGX 70 inched up 0.48 percent.