EGX ends in red, market capitalization slides LE 2.3B

CAIRO – 12 November 2017: The Egyptian Exchange (EGX) closed negatively Sunday as all indices went down.

Benchmark index EGX30 inched down 0.55 percent to stand at 14,270 points. The small and mid-cap index EGX70 declined percent to end at 777.8 points and the broader index EGX100 also leveled down 0.81 percent to close at 1,759.21 points.

Market capitalization slipped LE 2.3 billion to record LE 786.159 billion compared to LE 788.516 billion in the last session Thursday.

Egyptian, Arab and foreign individuals in addition to foreign institutions were net sellers at LE 12.7 million, LE 21.8 million, LE 2.2 million and LE 21.2 million. While Egyptian and Arab institutions purchased at LE 46.9 million and LE 10.9 million.

Shares of 45 companies recorded increases, while 120 others saw declines. Meanwhile, shares of 26 firms remained unchanged.