EGX loses LE 3.99B on Sunday


Sun, 08 Dec 2019 - 02:14 GMT



CAIRO - 8 December 2019: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing LE 3.99 billion of market capitalization, amid foreign selling.

The benchmark EGX 30 lessened 0.94 percent, or 128.44 points, to close at 13,493.69 points.

The equally weighted index EGX 50 declined 0.71 percent, or 13.94 points, to end at 1,954.26 points

The small and mid-cap index EGX 70 dipped 0.51 percent, or 2.71 points, to close at 523.79 points, and the broader index EGX 100 inched down 0.73 percent, or 10.06 points, to 1,372.09 points.

Market capitalization lost LE 3.99 billion, recording LE 691.19 billion, compared to LE 695.19 billion in Thursday’s session.

The trading volume reached 427.69 million shares, traded through 13,922 transactions, with a turnover of LE 1.99 billion.

Foreign investors were net sellers at LE 876.99 million, while Egyptian and Arab investors were net buyers at LE 638.95 million, and LE 238.05 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 248.62 million, LE 163.06 million and LE 3.11 million, respectively.

Egyptian and Arab organizations bought at LE 390.32 million, and LE 74.98 million, respectively, while foreign organizations sold at LE 880.1 million.

Alexandria Cement, Sues Canal Company For Technology Settling, and Gulf Canadian Real Estate Investment Co. were top gainers of the session by 9.98 percent, 9.95 percent and 5.88 percent, respectively.

Meanwhile, Pyramisa Hotels, Middle & West Delta Flour Mills, and The Egyptian Company for Construction Development-Lift Slab were top losers of the session by 9.98 percent, 7.75 percent, and 7.39 percent, respectively



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