EGX ends Sunday on mixed note, market cap. loses LE 1.5B

CAIRO – 5 August 2018: The Egyptian Exchange (EGX) ended Sunday’s session on a mixed note, losing LE 1.5 billion of its market capitalization, amid foreign purchases.

The benchmark EGX30 declined 0.44 percent, or 69.33 points, to close at 15,737.05 points.

The equally weighted index EGX50 slipped 0.33 percent, or 8.54 points, to reach 2,591.24 points.

While the small and mid-cap index EGX70 increased 0.07 percent, or 0.54 points, reaching 748.61 points, and the broader index EGX100 inched up 0.03 percent, or 0.58 points, closing at 1,943.04 points.

Market capitalization lost LE 1.54 billion, recording LE 878.83 billion, compared to LE 880.37billion in Thursday’s session.

The trading volume reached 125.6 million shares, traded through 17,418 transactions, with a turnover of LE 446.76 million.

Arab investors were net sellers at LE 10.49 million, while Egyptian and foreign investors were net buyers at LE 2.43 million and LE 8.06 million, respectively.

Egyptian and Arab individuals were net sellers at LE 15.74 million and LE 3.83 million, respectively, while foreign individuals were net buyers at LE 553,960.

Egyptian and foreign organizations were net buyers at LE 18.16 million and LE 7.5 million, respectively, while Arab organizations were net sellers at LE 6.65 million.

Atlas for Land Reclamation and Agricultural Processing, Alexandria Flour Mills, and Orascom Development Egypt were top gainers of the session by 8.81 percent, 6.58 percent and 5.79 percent, respectively.

On the other hand, El Kahera Housing, El Obour Real Estate Investment, and El Ahram Co. for Printing and Packing were top losers of the session by 9.99 percent, 9.14 percent and 8 percent, respectively.

EGX ended Thursday’s session on mixed performance, as EGX30 hiked 0.87 percent, EGX70 rose 0.04 percent, and EGX100 increased 0.24 percent, while EGX50 declined 0.06 percent.