During its 4th red session, EGX loses LE 6.78B of market cap.

CAIRO – 16 May 2019: The Egyptian Exchange (EGX) continues its downtrend for the fourth session in row during the last session of the week, losing about LE 6.78 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dropped 1.08 percent, or 149.73 points, to close at 13,659.73 points.

The equally weighted index EGX50 declined 1.12 percent, or 23.16 points, to reach 2,053.34 points.

The small and mid-cap index EGX70 lessened 1.06 percent, or 6.52 points, to close at 608.98 points, and the broader index EGX100 decreased 1.11 percent, or 17.4 point, to 1,546.43 points.

Market capitalization lost LE 6.78 billion, recording LE 748.95 billion, compared to LE 755.73 billion in Wednesday’s session.

The trading volume reached 78.04 million shares, traded through 13,386 transactions, with a turnover of LE 399.33 million.

Foreign investors were net sellers at LE 37.04 million, while Egyptian and Arab investors were net buyers at LE 19.7 million, and LE 17.33 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 5.1 million, LE 14.41 and LE 3.57 million, respectively.

Egyptian and Arab organizations bought at LE 14.61 million, and LE 2.92 million, respectively, while foreign organizations sold at LE 40.62 million.

El-Nile Co. for Pharmaceuticals and Chemical Industries, Egyptian International Pharmaceuticals (EIPICO), and Cairo for Investment and Real Estate Development were top gainers of the session by 9.98 percent, 7.20 percent and 6.05 percent, respectively.

Meanwhile, Pyramisa Hotels, Arabian Food Industries DOMTY, and Alexandria Pharmaceuticals were top losers of the session by 9.98 percent, 9.94 percent, and 9.82 percent, respectively.

On Wednesday, EGX ended trading in red, as EGX30 dropped 1.35 percent, EGX50 dipped 2.33 percent, EGX70 declined 0.89 percent, and EGX100 decreased 0.99 percent.