EGX trades in red zone during Monday

CAIRO – 10 February 2020: The Egyptian Exchange (EGX) flagged in red during Monday’s session, losing around LE 6 billion of market capitalization, amid Arab selling.

The benchmark EGX 30 declined 0.91 percent, or 128.88 points, to close at 13,979.36 points.

The equally weighted index EGX 50 dropped 1.11 percent, or 21.47 points, to end at 1,917.1 points.

Moreover, the small and mid-cap index EGX 70 dipped 0.75 percent, or 9.55 points, to close at 1,268.14 points, and the broader index EGX 100 decreased 0.82 percent, or 11.51 points to 1,393.69 points.

Market capitalization lost LE 6 billion, recording LE 706.51 billion, compared to LE 712.51 billion in Monday’s session.

The trading volume reached 111.55 million shares, traded through 18,199 transactions, with a turnover of LE 546.75 million.

Arab investors were net sellers at LE 19.32 million, while Egyptian and foreign investors were net buyers at LE 9.38 million, and LE 9.94 million, respectively.

Arab and foreign individuals were net buyers at LE 358,937, and LE 1.1 million, respectively, while Egyptian individuals were net sellers at LE 9.69 million.

Egyptian and foreign organizations bought at LE 19.07 million, and LE 8.8 million, respectively, while Arab organizations sold at LE 19.68 million.

Gharbia Islamic Housing Development, Delta for Printing & Packaging, and Memphis Pharmaceuticals were top gainers of the session 9.95 percent, 9.56 percent and 8.08 percent, respectively.

Meanwhile, Ismailia National Food Industries, Cairo Educational Services , and Egypt Aluminum were top losers of the session by 9.19 percent, 8.08 percent, and 7.19 percent, respectively.

EGX ended Sunday’s session in green, as: EGX 30 rose 0.02 percent, EGX 50 hiked 0.26 percent, EGX 70 rose 0.25 percent, and EGX100 increased 0.31 percent.