EGX ends Sunday's session in red, market cap. loses LE4B

CAIRO – 16 February 2020: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing around LE 4.06 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 declined 0.88 percent, or 122.05 points, to close at 13,737.4 points.

The equally weighted index EGX 50 dipped 1.69 percent, or 32.04 points, to end at 1,868.1 points.

Moreover, the small and mid-cap index EGX 70 dropped 1 percent, or 12.69 points, to close at 1,253.84 points and the broader index EGX 100 decreased 0.89 percent, or 12.3 points to 1,371.79 points.

Market capitalization gained LE 4.06 billion, recording LE 696.59 billion, compared to LE 700.65 billion in Thursday’s session.

The trading volume reached 100.58 million shares, traded through 14,909 transactions, with a turnover of LE 323.24 million.

Egyptian investors were net buyers at LE 3.65 million, while Arab and foreign investors were net sellers at LE 726,394, and LE 2.92 million, respectively.

Egyptian and Arab individuals were net buyers at LE 14.95 million, and LE 2.45 million, respectively, while foreign individuals were net sellers at LE 939,740.

Egyptian, Arab and foreign organizations sold at LE 11.3 million, LE 3.18 million and LE 1.98 million, respectively.

United Housing & Development, Rakta Paper Manufacturing, and Mena Touristic & Real Estate Investment were top gainers of the session 9.02 percent, 8.13 percent and 5.44 percent, respectively.

Meanwhile, Raya Holding for Financial Investments, El-Nile Co. for Pharmaceuticals and Chemical Industries, and Ismailia Development and Real Estate Co were top losers of the session by 9.02 percent, 8.13 percent, and 5.44 percent, respectively.

EGX ended Thursday’s session in green, as: EGX 30 inched up 0.10 percent, EGX 50 rose 0.14 percent, EGX 70 hiked 0.72 percent, and EGX 100 increased 0.27 percent.