EGX ends in red, hurt by foreign sales

CAIRO – 30 July 2017: The Egyptian Exchange (EGX) ended Sunday’s session in the red, weighted by the foreign investors’ sales.

The benchmark index EGX 30 fell 0.95 percent to close at 13,480 points.

The small and mid-cap index EGX70 shed 0.06 percent to end at 700.3 points and the broader index EGX100 also went down 0.28 percent to hit the level of 1,591 points at close.

Market capital lost LE 5.1 billion ($285 million) to stand at LE 707.5 billion, down from LE 712.6 billion on Thursday.

Total turnover dropped to LE 633.3 million after LE 760 million achieved last session, while traded volume also leveled up to 279 million shares compared to 261 million shares.

The local and Arab investors were net buyers with a total of LE 3.8 million and LE 2.2 million, respectively, while foreign traders sold by LE 6 million.

Suez Bags topped gainers and surged 9.7 percent, while El-Arabia for Land Reclamation led losers and dropped 9.3 percent.