EGX ends in red, Market capital loses LE 8.7B

CAIRO – 18 July 2017: The Egyptian Exchange (EGX) saw a negative performance at the closing session of Tuesday, weighted by the sales of Arab and foreign investors.

The benchmark index EGX 30 decreased 1.71 percent to close at 13,718 points.

The small and mid-cap index EGX70 fell 1.5 percent to end at 669 points. The broader index EGX100 also leveled down 1.58 percent to stand at 1,545 points.

Market capital lost LE 8.7 billion ($485 million), totaling LE 707.9 billion compared to LE 716.6 billion on Monday.

Local investors were net buyers with a total of LE 261 million, while foreign and Arab traders sold by LE 18 million and LE 244 million, respectively.

Total turnover grew to LE 1.3 billion from LE 903 million achieved Monday, while trade volume reached 388 million shares, up from 334 million shares Monday.

Misr Conditioning (Miraco) topped gainers for the third session in a row and hiked 9.96 percent, while South Cairo and Giza Mills and Bakeries led the worst performers and plunged 10 percent.