EGX continues declines on foreign sales

CAIRO – 20 November 2017: The Egyptian Exchange (EGX) closed in red Monday for the second consecutive day this week as all indices recorded declines.

Benchmark index EGX30 went down 0.45 percent to stand at 13,680 points. The small and mid-cap index EGX70 inched down 0.52 percent to end at 750.82 points and the broader index EGX100 leveled down 0.58 percent to close at 1,705.52 points.

Market capitalization declined LE 3.2 billion to record LE 764.802 billion, compared to LE 767.988 billion recorded Sunday.

Foreign and Egyptian institutions as well as foreign individuals were net sellers at LE 6.3 million, LE 74 million and LE 59.1 million. Meanwhile, Arab organizations and investors in addition to Egyptian individuals purchased at LE 60.4 million, LE 11.5 million and LE 67.5 million respectively.

Shares of 54 companies recorded increases, while 109 others saw declines. Meanwhile, shares of 23 firms remained unchanged.