EGX ends in red for 3rd session in row on local, foreign sales

CAIRO – 15 August 2017: The Egyptian Exchange (EGX) indexes ended Tuesday’s session on a negative note, hurt by local and foreign sales.

The benchmark index EGX30 shed 0.25 percent to close at 13,102 points.

The small and mid-cap index EGX70 fell 2.28 percent to end at 690 points, abandoning the level of 700 points. The broader index EGX100 index also decreased 1.64 percent to close near 1,553 points.


Market capitalization lost LE 4.58 billion ($3.26 billion) totaling LE696.9 billion, down from 701.48 billion registered Monday.

Turnover amounted to LE 812.7 million, compared to LE 604.85 million last session, while traded volume registered 287.2 million shares, up from 200 million shares yesterday.

Local and foreign investors were net sellers with a total of LE 16.9 million and LE 6 million, respectively, while Arab traders purchased by LE 22.9 million.

Financial Services excluding Banks topped sectors in terms of traded values and volumes by LE 196.68 million and 94.9 million shares, respectively.

Modern Shorouk Printing and Packaging topped gainers and surged 9.97 percent, while Minapharm Pharmaceuticals led the worst performers, slumping 9.93 percent.