EGX loses LE 3.2B liquidity in week, ends on mixed note

CAIRO – 29 July 2017: The benchmark EGX30 fell 0.77 percent to close the week ended July 27, 2017 at 13,609 points, Egyptian Exchange (EGX) statistics revealed Friday.
The small and mid-cap index EGX70 increased3.84 percent to end at 701 points. The broader index EGX100 also rose 2.62 percent to stand at 1,595 points.

Market capital went slightly higher than the rate achieved last week and stood at LE 713 billion.

Local investors acquired 68.75 of the market's transactions, while Arab and foreign traders represented 7.59 percent and 23.66 percent, respectively.
Arab traders were net sellers during the week with LE 118.02 million, while foreign investors were buyers at LE 142.03 million.

Institutions acquired 37.39 percent of the market's transactions with total purchases valuing LE 30.92 million, while individual traders represented 62.61 percent.

Total turnover lost LE 1.3 billion during the week registering LE 3.2 billion down from LE 4.5 billion. Traded volume went down to 1.17 billion shares after 1.7 billion shares last week.
Financial services, excluding banks, topped sectors in terms of turnover by LE 492.8 million, followed by real estate and telecommunication with LE 348.9 million and LE 109.1 million, respectively.
Amer Group was the most active stock in terms of volume traded, exchanging 288.4 million shares, followed by Porto Group and Citadel Capital with 286.7 million shares and 180 million shares, respectively.