EGX ends Thursday in red, market cap. loses LE 8.77B

CAIRO – 30 May 2019: The Egyptian Exchange (EGX) ended last session of the week in red, losing LE 8.77 billion of market capitalization, amid foreign selling.

The benchmark EGX 30 dipped 1.45 percent, or 202.82 points, to close at 13,771.31 points.

The equally weighted index EGX 50 decreased 2 percent, or 42.25 points, to reach 2,067.46 points.

The small and mid-cap index EGX 70 declined 0.91 percent, or 5.5 points, to close at 597.4 points, and the broader index EGX 100 dropped 1.01 percent, or 15.46 point, to 1,521.84 points.

Market capitalization lost LE 8.77 billion, recording LE 745.01 billion, compared to LE 753.78 billion in Wednesday’s session.

The trading volume reached 109.22 million shares, traded through 13,506 transactions, with a turnover of LE 443.9 million.

Foreign investors were net sellers at LE 31.6 million, while Egyptian and Arab investors were net buyers at LE 28.68 million, and LE 2.92 million, respectively.

Egyptian individuals were net buyers at 25.65 million, while Arab and foreign individuals were net sellers at LE 81,471, and LE 1.52 million, respectively.

Egyptian and Arab organizations bought at LE 3.03 million, and LE 3 million, respectively, while foreign organizations sold at LE 30.08 million.

Arabian Food Industries DOMTY, Modern Company for water proofing (Bitumode), and GMC Group for industrial Commercial & Financial Investment were top gainers of the session by 6.56 percent, 6.51 percent and 4.03 percent, respectively.

Meanwhile, Samad Misr -EGYFERT, Egypt for Poultry, and Mena Touristic & Real Estate Investment were top losers of the session by 8.27 percent, 5.21 percent, and 5.20 percent, respectively.

On Wednesday, EGX ended trading in red, as EGX30 declined 0.38 percent, EGX70 dropped 0.17 percent and EGX100 dipped 0.28 percent.