EGX dips, benchmark declines 1.09% on local, foreign sales

CAIRO – 14 August 2017: The Egyptian Exchange (EGX) indexes extended losses for the second day in a row, weighted by local and foreign sales.

The benchmark index EGX30 fell 1.09 percent to close at 13,135 points.

The small and mid-cap index EGX70 decreased 1.36 percent to end at 705.8 points. The broader index EGX100 index also leveled down 1.37 percent to close near 1,579 points.

Market capitalization lost LE 5.32 billion ($300 million) totaling LE 701.48 billion, down from 706.8 billion registered Sunday.

Turnover amounted to LE 604.85 million, compared to LE 565 million last session, while traded volume registered 200 million shares.

Local and foreign investors were net sellers with a total of LE 2.7 million and LE 14.78 million, respectively, while Arab traders purchased by LE 17.56 million.

Financial services excluding banks topped sectors in terms of traded values by LE 140.29 million, while the real estate sector led in terms of traded volumes with 76.4 million shares, respectively.

Misr National Steel – Ataqa topped gainers and surged 9.81 percent, while Wadi El Obour Real Estate Investment led the worst performers, slumping 9.8 percent.