EGX ends Tuesday in red, market cap. loses LE5.7B

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Tue, 13 Oct 2020 - 03:11 GMT

BY

Tue, 13 Oct 2020 - 03:11 GMT

EGX - Reuters

EGX - Reuters

CAIRO – 13 October 2020: The Egyptian Exchange (EGX) ended mid-week session in red, losing LE 5.7 billion of market capitalization, amid foreign selling. 

 

The benchmark EGX30 dropped 0.39 percent, or 105.84 points, to close at 11,291.81 points.

 

The equally weighted index EGX 50 decreased 1.61 percent, or 34.76 points, to end at 2,123.84 points.

 

Moreover, the small and mid-cap index EGX 70 dipped 1.69 percent, or 33.96 points, to close at 1,972.66 points, and the broader index EGX 100 declined 1.63 percent, or 47.91 points to 2,899.69 points. 

 

Market capitalization lost around LE 5.7 billion, recording LE 627.9 billion, compared to LE 633.68 billion in Monday’s session.

 

The trading volume reached 322.09 million shares, traded through 38,464 transactions, with a turnover of LE 1.02 billion. 

 

Foreign investors were net sellers at LE 25.87 million, while Egyptian and Arab investors were net buyers at LE 17.6 million, and LE 8.26 million, respectively. 

 

Egyptian, Arab and foreign individuals were net buyers at LE 55.67 million, LE 11.29 million, and LE 2.36 million, respectively.

 

Egyptian, Arab and foreign organizations sold at LE 38.06 million, LE 3.03 million, and LE 28.23 million, respectively.

 

International Co for Investment & Development, Mansourah Pourtly, and Delta Sugar  were top gainers of the session at 9.55 percent, 6.77 percent and 5.53 percent, respectively. 

 

Meanwhile, Wadi Kom Ombo Land Reclamation, El Ahram Co. for Printing and Packing, and El Arabia Engineering Industries were top losers of the session by 8.61 percent, 8.27 percent, and 7.85 percent, respectively.

 

On Monday, EGX ended the session on mixed note, as : EGX30 rose 0.33 percent, EGX50 increased 0.32 percent, while EGX70 dropped 0.75 percent, and EGX100 diped 0.45 percent.

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