Foreign sales weigh on EGX, benchmark down 0.9%

CAIRO – 10 August 2017: The Egyptian Exchange (EGX) indices lost ground during Thursday’s tarding session. Arab and foreign investors were net sellers with a total of LE 10,551 and LE 13.58 million, respectively.

The benchmark index EGX30 decreased 0.87 percent to close at 13,462 points.
The small and mid-cap index EGX70 lost 0.22 percent to end at 720 points. The broader index EGX100 went down 0.42 percent to 1,612 points.

Market capital reversed Wednesday’s gains and lost LE 2.54 billion, recording LE 715.16 billion, down from LE 717.7 billion.

Arab and foreign investors were net sellers with a total of LE 10,551 and LE 13.58 million, respectively, while local traders purchased by LE 13.59 million.

Total turnover edged down LE 9 million to LE 692 million after registering LE 701 million yesterday, while trade volume reached 233.6 million shares, compared to 293 million shares last session.

Suez Bags topped gainers and surged 9.78 percent, while Wadi Kom Ombo Land Reclamation led the worst performers, dropping 8.9 percent.