EGX ends Thursday in red, market cap. loses LE11.7B

BY

Thu, 09 Jul 2020 - 04:03 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO – 9 July 2020: The Egyptian Exchange (EGX) Thursday in red, losing LE 11.69 billion of market capitalization, amid foreign selling. 

 

The benchmark EGX30 dipped 1.54 percent, or 170.83 points, to close at 10,957.02 points. 

 

The equally weighted index EGX 50 decreased 3.24 percent, or 59.86 points, to end at 1,790.29 points. 

 

 

The small and mid-cap index EGX 70 declined 4.20 percent, or 64.69 points, to close at 1,542.05 points, and the broader index EGX 100 dropped 3.73 percent, or 88.74 points to 2,289.8 points. 

 

 

Market capitalization lost LE 11.69 billion, recording LE 596.76 billion, compared to LE 608.46 billion in Wednesday’s session. 

 

The trading volume reached 501.27 million shares, traded through 46,675 transactions, with a turnover of LE 1.32 billion. 

 

Foreign investors were net sellers at LE 54.27 million, while Egyptian and Arab investors were net buyers at LE 482,566, and LE 53.79 million, respectively. 

 

Egyptian individuals were net sellers at LE 36.87 million while Arab and foreign individuals were net buyers at LE 27.63 million, and LE 738,861, respectively.

 

Foreign organizations sold at LE 55.02 million, while Egyptian and Arab organizations bought at LE 37.35 million, and LE 26.17 million, respectively. 

 

Al Tawfeek Leasing Company-A.T.LEASE, Gulf Canadian Real Estate Investment Co., and Osool ESB Securities Brokerage were top gainers of the session at 8.56 percent, 8.13 percent and 6 percent, respectively. 

 

Meanwhile, El Ahram Co. for Printing and Packing, Golden Coast Company, and Ismailia National Food Industries were top losers of the session by 9.82 percent, 9.59 percent, and 9.59 percent, respectively. 

 

EGX ended Wednesday, in a semi-collective rise as: EGX30 rose 0.70 percent, EGX 50 increased 0.28 percent, and EGX 100 jumped 0.12 percent, while EGX 70 dipped 0.13 percent.

 

CBE and EGX were off on Wednesday and Thursday, July 1 and 2, on the occasion of the seventh anniversary of the June 30 Revolution and the end of fiscal year 2019/2020.

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