EGX loses LE 6.88B of market cap. Tuesday


Tue, 26 Nov 2019 - 01:49 GMT



CAIRO - 26 November 2019: The Egyptian Exchange (EGX) ended Tuesday’s session in red, losing LE 6.88 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 lessened 1.38 percent, or 192.18 points, to close at 13,781.96 points.

The equally weighted index EGX 50 declined 1.21 percent, or 24.65 points, to end at 2,010.1 points.

The small and mid-cap index EGX 70 dipped 0.63 percent, or 3.36 points, to close at 530.89 points, and the broader index EGX 100 inched down 0.87 percent, or 12.31 points, to 1,398.27 points.

Market capitalization lost LE 6.88 billion, recording LE 701.05 billion, compared to LE 707.93 billion in Monday’s session.

The trading volume reached 108.16 million shares, traded through 24,986 transactions, with a turnover of LE 1.12 billion.

Egyptian investors were net buyers at LE 258.39 million, while Arab and foreign investors were net sellers at LE 30.29 million, and LE 228.09 million, respectively.

Egyptian and Arab individuals were net buyers at LE 119.71 million, and LE 27.18 million, respectively, while foreign individuals were net sellers at LE 353,489.

Arab and foreign organizations sold at LE 57.48 million, and LE 227.74 million, respectively, while Egyptian organizations sold at LE 138.68 million.

The Arab Dairy Products Co. Arab Dairy - Panda, Egyptian International Pharmaceuticals (EIPICO), and Egyptian Real Estate Group were top gainers of the session by 9.94 percent, 4 percent and 2.69 percent, respectively.

Meanwhile, Middle Egypt Flour Mills, Ismailia Development and Real Estate Co., Medical Packaging Company were top losers of the session by 17.44 percent, 6.94 percent, and 5.93 percent, respectively.

On Monday, EGX ended trading in red, as EGX30 lessened 0.54 percent, EGX 50 declined 0.48 percent, EGX 70 dipped 0.93 percent, and EGX 100 inched down 0.49 percent.



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