EGX ends in mixed note hurt by local, foreign sales

CAIRO – 17 August 2017: The Egyptian Exchange (EGX) indexes ended Thursday’s session on a mixed performance.

The benchmark index EGX30 shed 0.23 percent to close at 13,119 points.

The small and mid-cap index EGX70 went down 0.12 percent to end at 697 points. The broader index EGX100 index also added 0.13 percent to close near 1,573 points.

Market capitalization lost LE 1.42 billion ($79.9 million) totaling LE 697.58 billion, down from LE 699 billion registered Wednesday.

Turnover dropped LE 19.6 million to LE 646 million, compared to LE 665.6 million last session, while traded volume registered 133 million shares, down from 151.7 million shares Wednesday.

Local and foreign investors were net sellers with a total of LE 6 million and LE 74.7 million, respectively, while Arab traders purchased by LE 80.9 million.

Banks led sectors in terms of traded values with LE 135 million, while Financial Services excluding Banks topped volumes by 48.9 million shares.

Modern Shorouk Printing and Packaging topped gainers and leapt 9.98 percent, while Egyptian Satellites (NileSat) led the worst performers, dropping 8.76 percent.