EGX flags in red by end of Monday’s session

CAIRO – 15 April 2019: The Egyptian Exchange (EGX) ended second session of the week in red, losing LE 3.79 billion of the market capitalization, amid Egyptian individuals selling.

The benchmark EGX30 dropped 0.09 percent, or 13.54 points, to close at 15,055.42 points.

The equally weighted index EGX50 decreased 0.55 percent, or 13.08 points, to reach 2,359.57 points.

The small and mid-cap index EGX70 dipped 0.48 percent, or 3.23 points, to close at 669.64 points, and the broader index EGX100 lessened 0.42 percent, or 7.14 point, to 1,708.96 points.

Market capitalization lost LE 3.79 billion, recording LE 819.4 3billion, compared to LE 823.23 billion in Sunday’s session.

The trading volume reached 77.73 million shares, traded through 16,397 transactions, with a turnover of LE 581.03 million.

Egyptian investors were net sellers at LE 12.51 million, while Arab and foreign investors were net buyers at LE 380,273 and LE 12.13 million, respectively.

Egyptian and Arab individuals were net sellers at LE 25.34 million, and LE 24.58 million, respectively, while foreign individuals were net buyers at LE 1.78 million.

Egyptian, Arab and foreign organizations bought at LE 12.83 million, LE 24.96 million and LE 10.35 million, respectively.

El-Nile Co. for Pharmaceuticals and Chemical Industries, National Housing for Professional Syndicates, and Al Tawfeek Leasing Company-A.T.LEASE, were top gainers of the session by 8.92 percent, 8.16 percent and 6.52 percent, respectively.

Meanwhile, Faisal Islamic Bank of Egypt – In EGP, Housing & Development Bank, and Faisal Islamic Bank of Egypt – In US Dollars were top losers of the session by 8.30 percent, 7.14 percent, and 7.01 percent, respectively.
EGX ended Sunday’s session on mixed note, as EGX30 decreased 0.24 percent, EGX50 inched down 0.09 percent, while EGX70 rose 0.55 percent, and EGX100 hiked 0.49 percent.