EGX ends week in red, market capitalization loses LE6.7B

CAIRO – 22 March 2018: The Egyptian Exchange (EGX) ended Thursday in red, amid Egyptian selling.

The benchmark EGX30 declined 0.48 percent, or 82.54 points, to end at 17,064.58 points.

The equally weighted index EGX50 slipped 0.41 percent, or 11.8 points, to reach 2877.77 points.

While the small and mid-cap index EGX70 went down 0.29 percent, or 2.57 points, ending at 878.26 points. The broader index EGX100 edged down 0.43 percent, or 9.7 points, to close at 2251.61 points.

Market capitalization lost LE 6.7 billion, recording LE 963.65 billion ($53.03 billion), compared to LE 970.37 billion in Wednesday’s session.

The trading volume reached 542.36 million shares traded through 32,716 transactions with a turnover of LE 1.5 billion.

Arab and foreign investors were net buyers at LE 2.16 million and LE 50.79 million, respectively, while Egyptian investors were net sellers at LE 52.95 million.

Arab and foreign individuals were net sellers at LE 622,763 and LE 18.23 million, respectively, while Egyptian individuals were net buyers at LE 83.5 million.

Arab and foreign organizations bought at LE 2.78 million and LE 69.03 million, respectively, while Egyptian organizations sold at LE 136.48 million.

El Obour Real Estate Investment, Sharm Dreams Co. for Tourism Investment, and National Housing for Professional Syndicates were top gainers of the session by 8.19 percent, 8.18 percent, and 7.95 percent, respectively.

While El Arabia for Land Reclamation, October Pharma, and Raya Contact Center were top losers of the session by 8.81 percent, 7.37 percent, and six percent, respectively.

EGX ended Wednesday on a mixed note as EGX30 increased 0.19 percent, EGX50 rose 0.80 percent, while EGX70 went down 0.65 and EGX100 decreased 0.16 percent.