EGX ends in mixed note, benchmark extends losses

CAIRO – 24 August 2017: The Egyptian Exchange (EGX) saw a mixed performance at the end of Thursday’s session, hurt by local sales.

The benchmark index EGX30 fell 0.54 percent to close at 12,926 points.

The small and mid-cap index EGX70 rose 0.61 percent to end at 691 points. The broader index EGX100 index also inched up 0.21 percent to close at 1,555 points.

Market capitalization lost LE 2 billion ($112.7 million), registering LE 689 billion from LE 691 billion on Wednesday.

Turnover lost LE 178.4 million to LE 552 million, up from LE 730.4 million on Wednesday, while traded volume also decreased to 116.7 million shares compared to 182.5 million shares last session.

Arab and foreign investors were net buyers with a total of LE 18.5 million and LE 92 million, respectively, while local traders sold for LE 110.9 million.

Banks led sectors in terms of traded values with LE 72 million, while the Financial Services excluding Banks sector topped in terms of traded volumes by 38.037 million shares.

Alexandria Flour Mills topped gainers and surged 9.87 percent, while Cairo Educational Services led the worst performers and declined 8.2 percent.