EGX ends Sunday on mixed note amid Egyptian, foreign selling

CAIRO – 11 March 2018: The Egyptian Exchange (EGX) ended the first session of the week on a mixed note, amid Egyptian and foreign selling.

The benchmark EGX30 declined 0.49 percent, or 80.8 points, to end at 16,391.48 points.

The equally weighted index EGX50 rose 0.42 percent, or 11.69 points, to reach 2781.99 points.

The small and mid-cap index EGX70 went down 0.05 percent, or 0.45 points, ending at 894.36 points. The broader index EGX100 slipped 1.16 percent, or 25.97 points, to close at 2217.46 points.

Market Capitalization lost LE 3.49 billion, recording LE 954.95 billion ($54.10 billion), compared to LE 957.95 billion in Thursday’s session.

The trading volume reached 328.54 million shares traded through 28,997 transactions with a turnover of LE 1.33 billion.

Egyptian and foreign investors were net sellers at LE 10.57 million and LE 2.64 million, respectively, while Arab investors were net buyers at LE 13.22 million.

Egyptian, Arab and foreign individuals were net sellers at LE 24.83 million, LE 24.73 and LE 2.85 million, respectively.

Egyptian, Arab and foreign organizations bought at LE 14.25 million, LE 37.95 million and LE 216,537, respectively.

Development & Engineering Consultants, Sharkia National Food and National Housing for Professional Syndicates were top gainers of the session by 9.96 percent, 9.78 percent, and 8.46 percent, respectively.

While Eastern Company, El-Nile Co. for Pharmaceuticals and Chemical Industries, and Alexandria Pharmaceuticals were top losers of the session by 6.49 percent, 4.47 percent, and 4.34 percent, respectively.

EGX ended Thursday on a mixed note as EGX 30 upped 0.54 percent, EGX 70 increased 1.22 percent, EGX 100 rose 1.47 percent and EGX50 went down 0.18 percent.