EGX ends Sunday in red, turnover loses LE 331M

CAIRO – 16 July 2017: The Egyptian Exchange (EGX) ended Sunday’s session in the red, weighted by the local investors’ sales.

The benchmark index EGX 30 shed 0.05 percent to close at 13,816 points.

The small and mid-cap index EGX70 decreased 0.14 percent to end at 685 points and the broader index EGX100 also went down 0.01 percent to hit the level of 1,571 points at close.

Market capital stood at LE 713.4 billion ($39 million), down from LE 714 billion on Thursday.

Total turnover dropped to LE 617 million after LE 948 million achieved last session.

Trade volume also leveled down to 260 million shares compared to 367 million shares.

The foreign and Arab investors were net buyers with a total of LE 4 million and LE 90,876, respectively, while Egyptian traders sold by LE 4 million.

Misr Conditioning (Miraco) topped gainers and surged 9.97 percent, while El Arabia for Land Reclamation led losers and declines 6.5 percent.