EGX ends on negative note, turnover loses LE 566M

CAIRO – 19 July 2017: The Egyptian Exchange (EGX) closed Wednesday’s session in the red, hurt by the Arab and foreign sales.

The benchmark index EGX30 shed 0.08 percent to close at 13,707 points.

The small and mid-cap index EGX70 fell 0.25 percent to end at 667.5 points. The broader index EGX100 also went down 0.1 percent to stand at 1,543 points.

Market capital gained LE 1 billion ($55.7 million), totaling LE 708.9 billion compared to LE 707.9 billion on Tuesday.

Local investors were net buyers with a total of LE 24 million, while foreign and Arab traders sold by LE 16 million and LE 8 million, respectively.

Total turnover dropped to LE 733.6 million from LE 1.3 billion achieved Tuesday, while trade volume reached 241.6 million shares, down from 388 million shares Tuesday.

Suez Bags topped gainers and surged 10 percent, while Ezz Steel led the worst performers and plunged 4.9 percent.