EGX continues its mixed performance amid Arab selling

CAIRO – 9 July 2019: The Egyptian Exchange (EGX) ended mid-week session on mixed note, adding about LE 520.7 million to market capitalization, amid Arab selling.

The benchmark EGX 30 rose 0.39 percent, or 54.1 point, to close at 14,097.43 points.

The equally weighted index EGX 50 increased 0.05 percent, or 1.12 points, to close at 2,095.89 points.

On the other hand, the small and mid-cap index EGX 70 lessened 2.31 percent, or 12.87 points, to close at 543.39 points, and the broader index EGX 100 dipped 1.87 percent, or 26.78 point, to 1,408.8 points.

Market capitalization gained LE 520.7 million, recording LE 749.16 billion, compared to LE 748.64 billion in Monday’s session.

The trading volume reached 227.34 million shares, traded through 15,024 transactions, with a turnover of LE 551.60 million.

Arab investors were net sellers at LE 34.25 million, while Egyptian and foreign investors were net buyers at LE 25.75 million, and LE 8.49 million, respectively.

Egyptian and foreign individuals were net buyers at LE 19.97 million, and LE 1.62 million, respectively, while Arab individuals were net sellers at LE 1.6 million.

Egyptian and foreign organizations bought at LE 5.78 million, and LE 6.87 million, respectively, while Arab organizations sold at LE 32.71 million.

Assiut Islamic Trading, Egyptian Kuwaiti Holding, and Arabia Investments Holding were top gainers of the session by 4.32 percent, 4.14 percent and 4.08 percent, respectively.

Meanwhile, General Company for Land Reclamation, Development & Reconstruction, National Real Estate Bank for Development, and EL Ezz Aldekhela Steel – Alexandria were top losers of the session by 9.99 percent, 5.47 percent, and 5.22 percent, respectively.

EGX ended Monday’s session on mixed note, as EGX30 rose 0.22 percent, EGX50 increased 0.80 percent, while EGX70 inched down 2.46 percent, and EGX100 dropped 2 percent.