EGX loses LE 4.2B of market cap. in 1st session after Eid Al-Fitr

CAIRO – 19 June 2018: The Egyptian Exchange (EGX) started the first session after Eid Al-Fitr holiday on a mixed note, losing LE 4.2 billion of its market capitalization, amid Arab selling.

Sunday and Monday, June 17 and 18, were an official holiday on the occasion of Eid Al-Fitr.

The benchmark EGX30 slipped 0.94 percent, or 153.16 points, to close at 16,067.77 points.

The equally weighted index EGX50 declined 0.09 points, to reach 2,711.19 points, and the broader index EGX100 went down 0.04 percent, or 0.86 points, to close at 2,042.67 points.

On the other hand, the small and mid-cap index EGX70 increased 0.24 percent, or 1.92 points, closing at 802.74 points.

Market capitalization lost LE 4.2 billion, recording LE 907.99 billion, compared to LE 903.76 billion in Thursday’s session.

The trading volume reached 184.26 million shares, traded through 21,110 transactions, with a turnover of LE 853.56 million.

Arab investors were net sellers at LE 28.38 million, while Egyptian and foreign investors were net buyers at LE 23.14 million and LE 5.24 million, respectively.

Egyptian, Arab and foreign organizations sold at LE 15.7 million, LE 16.82 million and LE 2.02 million, respectively.

Arab individuals were net sellers at LE 11.55 million, while Egyptian and foreign individuals were net buyers at LE 38.85 million, and LE 7.26 million, respectively.

Arab Co. for Asset Management and Development, Universal for Paper and Packaging Materials (Unipack), and North Africa Co. for Real Estate Investment were top gainers of the session by 14.12 percent, 7.43 percent and 6.38 percent, respectively.

On the other hand, Wadi Kom Ombo Land Reclamation, Arab Cotton Ginning, and Modern Company for water proofing (Bitumode) were top losers of the session by 9.84 percent, 9.12 percent and 5.56 percent, respectively.

The EGX ended Thursday’s session on a mixed note, as EGX30 rose 0.26 percent, while EGX50 decreased 0.08 percent, EGX70 went down 0.26 percent, and EGX100 slipped 0.25 percent.