EGX loses LE39.61B of market cap.

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Sun, 15 Mar 2020 - 02:14 GMT

BY

Sun, 15 Mar 2020 - 02:14 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO – 15 March 2020: The Egyptian Exchange (EGX) ended Sunday session with deep loss following the decline of the world stocks by the end of the week due to the spread of coronavirus, in addition to the bad weather the country witnessed during the last days, losing LE 39.61 billion, amid Arab and foreign selling.

The benchmark EGX 30 lessened 9.34 percent, or 1045.78 points, to close at 10,148.34 points.

The equally weighted index EGX 50 dipped 8.26 percent, or 128.37 points, to end at 1,425.34 points.

The small and mid-cap index EGX 70 decreased 7.37 percent, or 80.83 points, to close at 1,015.39 points, and the broader index EGX 100 declined 7.09 percent, or 83.12 points to 1,089.69 points.

Market capitalization lost LE 39.61 billion, recording LE 560.16 billion, compared to LE 599.77 billion in Wednesday’s session.

The trading volume reached 197.07 million shares, traded through 16,683 transactions, with a turnover of LE 942.26 million.

Egyptian investors were net buyers at LE 440.99 million, while Arab and foreign investors were net sellers at LE 1.28 million, and LE 439.72 million, respectively.

Egyptian and Arab individuals were net sellers at LE 18.77 million, and LE 19.88 million, respectively, while foreign individuals were net buyers at LE 34,937.

Egyptian and Arab organizations bought at LE 459.77 million, and LE 18.6 million, respectively, while foreign organizations sold at LE 439.75 million.

Raya Holding for Financial Investments, El Arabia Engineering Industries, and Mohandes Insurance were top gainers of the session at 2.28 percent, 0.97 percent and 0.24 percent, respectively.

Meanwhile, Ezz Steel, Alexandria Mineral Oils Company, and Porto Group were top losers of the session by 13.01 percent, 12.84 percent, and 12.41 percent, respectively.

On Wednesday, EGX ended the session in a semi-collective rise, as EGX 30 inched down 0.05 percent, while EGX 50 climbed 0.87 percent, EGX 70 increased 1.42 percent, and the broader index EGX 100 jumped 0.52 percent.

Thursday, was a paid day off for the bourse workers for bed weather.

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