EGX ends Sunday on mixed performance

CAIRO – 24 January 2020: The Egyptian Exchange (EGX) ended Sunday’s session on mixed note, losing LE 273.91 million of market capitalization, amid Egyptian and foreign selling.

The benchmark EGX 30 inched down 0.05 percent, or 6.64 points, to close at 13,721.45 points.

The small and mid-cap index EGX 70 dipped 0.16 percent, or 0.84 points, to close at 533.17 points.

On the other side, the equally weighted index EGX 50 hiked 0.16 percent, or 3.05 points, to end at 1,897.69 points, and the broader index EGX 100 increased 0.09 percent, or 1.3 points to 1,381.74 points.

Market capitalization lost LE 273.91 million, recording LE 696.98 billion, compared to LE 697.26 billion in Thursday’s session.

The trading volume reached 88.25 million shares, traded through 13,040 transactions, with a turnover of LE 275.71 million.

Arab investors were net buyers at LE 14.77 million, while Egyptian and foreign investors were net sellers at LE 1.15 million, and LE 13.62 million, respectively.

Egyptian and Arab individuals were net buyers at LE 3.93 million and LE 4.42 million, respectively, while foreign individuals were net sellers at LE 339,306.

Egyptian and foreign organizations sold at LE 5.08, and LE 13.28 million, respectively, while foreign organizations bought at LE 13.28 million.

Ismailia National Food Industries, October Pharma, and Glaxo Smith Kline were top gainers of the session 10 percent, 8.33 percent and 7.82 percent, respectively.

Meanwhile, Alexandria Flour Mills, Alexandria Spinning & Weaving (SPINALEX), and Egypt for Poultry were top losers of the session by 7.61 percent, 6.53 percent, and 3.78 percent, respectively.

On Thursday, EGX ended the session on mixed note, as EGX 30 dipped 0.17 percent, while EGX 50 increased 0.52 percent, EGX70 hiked 0.41 percent, and EGX 100 inched up 0.24 percent.