EGX ends Thursday on mixed note amid Egyptian, Arab selling

CAIRO – 8 March 2018: The Egyptian Exchange (EGX) ended Thursday on a mixed note after keeping its upward trend for four sessions, amid Egyptian and Arab selling.

The benchmark EGX30 rose 0.54 percent, or 88.21 points, to end at 16,472.28 points.

The equally weighted index EGX50 decreased 0.18 percent, or 4.92 points, to reach 2770.30 points.

The small and mid-cap index EGX70 went up 1.22 percent, or 10.79 points, up to 894.81 points. The broader index EGX100 edged up 1.47 percent, or 32.2 points, ending at 2243.43 points.

Market Capitalization gained LE 5.1 billion, recording LE 957.95 billion ($54.26 billion), compared to LE 952.85 billion in Wednesday’s session.

The trading volume reached 264 million shares traded through 32,709 transactions with a turnover of LE 1.55 billion.

Egyptian and Arab investors were net sellers at LE 99.45 million and LE 91 million, respectively, while foreign investors were net buyers at LE 190.48 million.

Egyptian and Arab individuals were net sellers at LE 71.9 million and LE 48.98 million, respectively, while foreign investors were net buyers at LE 6.62 million.

Egyptian and Arab organizations sold at LE 27.53 million and LE 42.05 million, respectively, while foreign organizations bought at LE 183.87 million.

Development & Engineering Consultants, Misr National Steel - Ataqa and El Nasr For Manufacturing Agricultural Crops were top gainers of the session by 9.97 percent, 9.33 percent, and 9.07 percent, respectively.

While Alexandria New Medical Center, Suez Bags, and National Housing for Professional Syndicates were top losers of the session by 9.65 percent, 7.69 percent, and 6.99 percent, respectively.

EGX ended Wednesday in green as EGX 30 upped 2.26 percent, EGX 70 increased 0.29 percent, EGX 100 rose 2.18 percent and EGX50 went up 0.75 percent.