EGX ends on a mixed note, benchmark down 0.43%

CAIRO – 12 September 2017: The Egyptian Exchange (EGX) saw mixed performance on Tuesday, hurt by foreign sales.

The benchmark index EGX30 fell 0.43 percent to close at 13,475 points.

The small and mid-cap index EGX70 increased 1.69 percent to end at 725.5 points. The broader index EGX100 index also added 0.95 percent to close at 1,618.6 points.

Market capitalization slightly went up to LE 712.4 billion ($40.3 billion), up from LE 712.25 billion on Monday.

Turnover leveled down to LE 1.25 billion after registering LE 1.38 billion Monday, while traded volume increased to 555 million shares compared to 441.38 million shares yesterday.

Foreign and Arab investors were net sellers with a total of LE 77.8 million and LE 19 million, respectively, while local traders purchased by LE 96.9 million.

The Financial Services excluding Banks led sectors in terms of traded values and volumes with LE 278.95 million and 243 million shares, respectively.

Export Development Bank of Egypt (EDBE) topped gainers and hiked 8.35 percent, while Wadi Kom Ombo Land Reclamation led the worst performers and dropped 7.5 percent.