EGX30 leaves 14K levels amid Arab selling

BY

Mon, 25 Nov 2019 - 02:32 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO - 25 November 2019: The Egyptian Exchange (EGX) ended Monday's session in red, losing LE 2.56 billion of market capitalization, amid Arab selling.

The benchmark EGX 30 lessened 0.54 percent, or 76.02 points, to close at 13,974.14 points.

The equally weighted index EGX 50 declined 0.48 percent, or 9.91 points, to end at 2,034.75 points.

The small and mid-cap index EGX 70 dipped 0.93 percent, or 5 points, to close at 534.25 points, and the broader index EGX 100 inched down 0.49 percent, or 6.98 points, to 1,410.58 points.

Market capitalization lost LE 2.56 billion, recording LE 707.93 billion, compared to LE 710.49 billion in Sunday's session.

The trading volume reached 95.4 million shares, traded through 15,905 transactions, with a turnover of LE 549.39 million.

Arab investors were net sellers at LE 58.09 million, while Egyptian and foreign investors were net buyers at LE 41.82 million, and LE 16.27 million, respectively.

Egyptian and foreign individuals were net buyers at LE 26.87 million, and LE 3.13 million, respectively, while Arab individuals were net sellers at LE 15.25 million.

Egyptian and foreign organizations bought at LE 14.95 million, and LE 13.14 million, respectively, while Arab organizations sold at LE 42.85 million.

Alexandria Cement, The Arab Dairy Products Co. Arab Dairy - Panda, and Belton Financial Holding were top gainers of the session by 10 percent, 9.56 percent and 3.85 percent, respectively.

Meanwhile, Egyptian Real Estate Group, Saudi Egyptian Investment & Finance, National Real Estate Bank for Development were top losers of the session by 7.47 percent, 6.34 percent, and 5.86 percent, respectively.

On Sunday, EGX ended trading in red, as EGX30 lessened 0.32 percent, EGX 50 declined 0.71 percent, EGX 70 rose 0.64 percent, and EGX 100 inched down 0.70 percent.

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