EGX indices lose ground on Arab sell-offs

CAIRO – 20 August 2017: The Egyptian Exchange (EGX) indexes ended Sunday’s session recording decreases, hurt by Arab buying spree.

The benchmark index EGX30 declined 0.71 percent to close at 13,026 points.

The small and mid-cap index EGX70 went down 2.09 percent to end at 682.49 points. The broader index EGX100 index also inched down 1.64 percent to close near 1,547.5 points.

Market capitalization lost LE 6.52 billion ($0.368 million) totaling LE 691.057 billion, down from LE 697.58 billion Thursday.

Shares of 30 listed companies recorded hikes, while shares of 125 companies declined and stocks of 30 companies remained unchanged at the end of the trading session.

Local and foreign investors and Arab institutions were net sellers with a total of LE 10 million, LE 2.7 million and LE 14.5 million, respectively, while Arab traders, Egyptian and foreign companies purchased by a total of LE28.1 million.