EGX returns to mixed performance, benchmark up 0.3%

CAIRO – 27 September 2017: The Egyptian Exchange (EGX) saw a positive performance on Tuesday, boosted by local and Arab purchases.

The benchmark index EGX30 added 0.27 percent to close at 13,740.8 points.

The small and mid-cap index EGX70 fell 1.27 percent to end at 762.66 points. The broader index EGX100 index also went down 0.56 percent to close at 1,698 points.

Market capitalization increased LE 900 million ($51 million) to LE 738.9 billion after registering LE 738 billion Tuesday.

Turnover inched down to LE 1.24 billion from 1.28 billion Tuesday, while traded volume slightly went up to 577.58 million shares, compared to 576.7 million shares yesterday.

Foreign investors were net sellers at a total of LE 48.9 million, while Arab and local traders purchased with LE 22.7 million and LE 26.3 million, respectively.

Banks led sectors in terms of traded values with LE 243 million, while the ral estate sector topped in terms of traded volumes with 204.5 million shares.

Suez Bags topped gainers for the third session in a row and skyrocketed 9.9 percent, while Torah Cement led the worst performers and dropped 5.8 percent.