EGX ends in green; liquidity falls on local, Arab sales

CAIRO – 24 July 2017: The Egyptian Exchange (EGX) saw a positive performance on Monday. However liquidity dropped LE 199 million ($11.1 million), weighted by local and Arab sales.

The benchmark index EGX 30 rose 0.28 percent to close at 13,753 points.

The small and mid-cap index EGX70 advanced 3.8 percent to end at 698 points. The broader index EGX100 also leveled up 2.55 percent to stand at 1,594 points.

Market capital gained LE 4.7 billion ($263 million), totaling LE 715.3 billion compared to LE 710.6 billion on Thursday.

Foreign investors were net buyers with a total of LE 50 million, while local and Arab traders sold by LE 5.6 million and LE 44 million, respectively.

Total turnover fell to LE 594 million from LE 793 million achieved Thursday, while trade volume reached 193 million shares, up from 490 million shares yesterday.

Natural Gas & Mining Project (Egypt Gas) topped gainers and skyrocketed 19.13 percent, while Mohandes Insurance led the worst performers and declined 6 percent.