EGX ends Sunday in red amid foreign selling

CAIRO – 15 April 2018: The Egyptian Exchange (EGX) ended Sunday's session in red, amid foreign selling.

The benchmark EGX30 declined 0.15 percent, or 26.83 points to end at 17,588.86 points.

The equally weighted index EGX50 slipped 0.40 percent, or 12.12 points to reach 2983.47 points.

The small and mid-cap index EGX70 fell 0.39 percent, or 3.37 points, ending at 864.31 points, and the broader index EGX100 decreased 0.34 percent, or 7.68 points to close at 2255.08 points.

Market capitalization lost LE 4.27 billion, recording LE 973.4 billion ($55.2 billion), compared to LE 977.67 billion in Thursday’s session.

The trading volume reached 235.04 million shares, traded through 24,895 transactions with a turnover of LE 1.6 billion.

Foreign investors were net sellers at LE 484.62 million while Egyptian and Arab investors were net buyers at LE 246.82 million and LE 237.81 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 70.43 million, LE 176.79 million and LE 16 million, respectively.

Foreign organizations sold at LE 500.64 million, while Egyptian and Arab organizations bought at LE 176.39 million and LE 61 million, respectively.

El Nasr For Manufacturing Agricultural Crops, The Arab Ceramic CO.- Ceramica Remas, and AJWA for Food Industries company Egypt were top gainers of the session by 8.69 percent, 4.60 percent, and 4.45 percent, respectively.

While TransOceans Tours, Misr National Steel - Ataqa, and Nozha International Hospital were top losers of the session by 12.50 percent, 9.03 percent, and 4.79 percent, respectively.

The Egyptian Exchange (EGX) ended Thursday's session on a mixed note as EGX30 slipped 1.83 percent, EGX50 declined 1.53 percent, and EGX100 downed 0.48 percent, while EGX70 increased 0.34 percent.