EGX ends week in red amid Egyptian and Arab selling

CAIRO – 12 December 2019: The Egyptian Exchange (EGX) ended last session of the week in red, and market capitalization lost LE 3.09 billiob, amid Egyptian and Arab selling.

The benchmark EGX 30 dropped 0.51 percent, or 68.75 points, to close at 13,358.47 points.

The equally weighted index EGX 50 declined 0.81 percent, or 15.74 points, to end at 1,920.87 points.

The small and mid-cap index EGX 70 decreased 0.16 percent, or 0.86 points, to close at 520.69 points, and the broader index EGX 100 inched down 0.22 percent, or 2.95 points, to 1,360.44 points.

Market capitalization lost LE 3.09 billion, recording LE 686.64 billion, compared to LE 689.73 billion in Wednesday’s session.

The trading volume reached 81.59 million shares, traded through 15,442 transactions, with a turnover of LE 476.12 million.

Foreign investors were net buyers at LE 63.53 million, while Egyptian and Arab investors were net sellers at LE 26.76 million, and LE 36.77 million, respectively.

Egyptian, Arab, and foreign individuals were net sellers at LE 11.04 million, LE 977,493, and LE 2.89 million, respectively.

Egyptian and Arab organizations sold at LE 15.71 million, and LE 35.79 million, respectively, while foreign organizations bought at LE 66.42 million.

General Company for Land Reclamation, Development & Reconstruction, National Real Estate Bank for Development, and Rakta Paper Manufacturing were top gainers of the session by 6.98 percent, 6.57 percent and 6.05 percent, respectively.

Meanwhile, Al Arafa for Investment and Consultancies, El Nasr for Manufacturing Agricultural Crops, and Sidi Kerir Petrochemicals were top losers of the session by 6.54 percent, 5.92 percent, and 5.82 percent, respectively

EGX ended Wednesday’s session in red, as EGX30 dipped 0.61 percent, EGX50 decreased 1.10 percent, EGX70 declined 0.96 percent, and EGX100 inched down 0.93 percent.