EGX ends on mixed note, benchmark down 0.9%

CAIRO – 23 August 2017: The Egyptian Exchange (EGX) witnessed a mixed performance at the end of Wednesday’s session, hurt by local sales.

The benchmark index EGX30 fell 0.90 percent to close at 12,996 points.

The small and mid-cap index EGX70 rose 0.47 percent to end at 686.97 points. The broader index EGX100 index also inched up 0.08 percent to close at 1,551.8 points.

Market capitalization lost LE 2 billion ($112.7 million), registering LE 691 billion from LE 693 billion on Tuesday.

Turnover gained LE 325.7 million to LE 730.4 million, up from LE 404.7 million on Tuesday, while traded volume also increased to 182.5 million shares compared to 128.5 million shares last session.

Arab and foreign investors were net buyers with a total of LE 9.7 million and LE 50.7 million, respectively, while local traders sold for LE 60.4 million.

Financial services excluding banks led sectors in terms of traded values with LE 100.5 million, while the real estate sector topped in terms of traded volumes by 71 million shares, respectively.

Rights Issue of Alexandria Flour Mills -1 topped gainers and skyrocketed 16.6 percent, while El Obour Real Estate Investment led the worst performers and dropped 9.6 percent.