EGX ends week on mixed note, market cap. loses LE 1.29B

BY

Thu, 18 Jun 2020 - 04:07 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 18 June 2020: The Egyptian Exchange (EGX) ended Thursday’s session on mixed note, losing LE 1.29 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dipped 0.44 percent, or 47.88 points, to close at 10,857.87 points.

The equally weighted index EGX 50 dropped 0.63 percent, or 10.43 points, to end at 1,641.57 points.

On the other hand, the small and mid-cap index EGX 70 climbed 0.72 percent, or 9.49 points, to close at 1,325.57 points, and the broader index EGX 100 jumped 0.32 percent, or 6.62 points to 2,089.24 points.

Market capitalization lost LE 1.29 billion, recording LE 579.55 billion, compared to LE 580.85 billion in Wednesday’s session.

The trading volume reached 317.4 million shares, traded through 33,471 transactions, with a turnover of LE 1.3 billion.

Foreign investors were net sellers at LE 285.14 million, while Egyptian and Arab investors were net buyers at LE 284.44 million, and LE 696,157, respectively.

Egyptian and Arab individuals were net buyers at LE 31.36 billion, and LE 6.13 million, respectively, while foreign individuals were net sellers at LE 5.32 million.

Egyptian organizations bought at LE 253.08 million, while Arab and foreign organizations sold at LE 5.44 million, and LE 279.8 million, respectively.

ARAB POLVARA SPINNING & WEAVING CO., Giza General Contracting, and Sinai Cement, were top gainers of the session at 11.76 percent, 9.94 percent and 9.48 percent, respectively.

Meanwhile, Marsa Marsa Alam for Tourism Development, Egyptian Arabian (cmar) Securities Brokerage EAC, and El Kahera Housing were top losers of the session by 9.46 percent, 7.66 percent, and 6.79 percent, respectively.

EGX ended Wednesday’s session on mixed note, as: EGX30 dipped 0.27 percent, and EGX 50 dropped 0.27 percent, while EGX 70 climbed 0.25 percent, and EGX 100 jumped 0.11 percent.

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