EGX ends Sunday in red amid foreign selling

CAIRO – 4 February 2018: The Egyptian Exchange (EGX) ended Sunday in red, amid foreign selling.

The benchmark EGX30 slipped 1.42 percent, or 213.82 points, to end at 14,874.84 points.


The small and mid cap index EGX70 decreased 1.51 percent, or 13.17 points, to close at 857.80 points, and the broader index EGX100 leveled off 0.80 percent, or 16.53 points, to reach 2040.78 points.


The equally weighted index EGX50 declined 51.72 points, or 1.92 percent, closing at 2644.18 points.


Market capitalization lost LE 10.3 billion, recording LE 851.16 billion ($48.11 million), compared to LE 861.46 billion in Thursday’s session.


Foreign investors were net sellers at LE 89.71 million, while Egyptian and Arab investors were net buyers by LE 86.04 million and LE 3.67 million, respectively.


Egyptian and foreign individuals were net buyers at LE 27.03 million and LE 2.3 million, respectively, while Arab individuals were net sellers at LE 7.07 million.


Foreign organizations sold by LE 92.04 million, while Egyptian and Arab organizations bought by LE 59 million and LE 10.75 million, respectively.


El Obour Real Estate Investment (OBRI), Delta Insurance (DEIN) and Industrial Engineering Company for Construction and Development (ENGC) were the top gainers of the session by 7.91 percent, 6.61 percent and 3.71 percent respectively.


While Real Estate Egyptian Consortium (AREH), Orange Egypt for Telecommunications (OREG), Cleopatra Hospital Co (CLHO) were the top losers of the session by 9.58 percent, 6.57 percent and 6.41 percent respectively.


The Egyptian Exchange (EGX) ended Thursday’s session in green and the benchmark EGX30 rose 0.31 percent, or 46.29 points, to end at 15,088.66 points.