EGX flags in red during Monday

CAIRO - 14 October 2019: The Egyptian Exchange (EGX) ended Monday’s session in red, losing about LE 3.43 billion, amid foreign selling.

The benchmark EGX 30 declined 0.28 percent, or 39.71 point, to close at 14,180.76 points.

The equally weighted index EGX 50 dipped 0.57 percent, or 11.72 points, to end at 2,039.91 points.

Moreover, the small and mid-cap index EGX 70 decreased 0.53 percent, or 2.8 points, to close at 530.03 points, and the broader index EGX 100 lessened 0.43 percent, or 6.1 points, to 1,405.95 points.

Market capitalization lost LE 3.43 billion, recording LE 715.09 billion, compared to LE 718.52 billion in Sunday’s session.

The trading volume reached 203.84 million shares, traded through 19,350 transactions, with a turnover of LE 565.76 million.

Foreign investors were net sellers at LE 57.66 million, while Egyptian and Arab investors were net buyers at LE 42.15 million , and LE 15.51 million, respectively.

Egyptian and foreign individuals were net buyers at LE 22.64 million, and LE 74,062, respectively, while Arab individuals were net sellers at LE 4.24 million.

Egyptian and Arab organizations bought at LE 19.5 million, and LE 19.75 million, respectively, while foreign organizations sold at LE 57.74 million.

Upper Egypt Flour Mills , Nozha International Hospital, and Medical Packaging Company were top gainers of the session by 8.12 percent 7.13 percent and 6.52 percent, respectively.

Meanwhile, Middle & West Delta Flour Mills, El Ahram Co. for Printing and Packing, and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 8.71 percent, 6.38 percent, and 3.86 percent, respectively.

EGX ended Sunday's session on mixed note, as EGX30 declined 0.57 percent, EGX 50 dipped 0.15 percent, while EGX 70 climbed 0.66 percent, and EGX 100 increased 0.25 percent.