EGX flags in red, market cap. loses LE7B Monday

CAIRO – 13 May 2019: The Egyptian Exchange (EGX) ended Monday in red, losing LE 7.03 billion of its market capitalization, amid Arab and foreign selling.

The benchmark EGX30 dropped 1.53 percent, or 216.37 points, to close at 13,905.73 points.

The equally weighted index EGX50 dipped 1.20 percent, or 25.7 points, to reach 2,112.39 points.

The small and mid-cap index EGX70 declined 0.24 percent, or 1.51 points, to close at 620.65 points, and the broader index EGX100 decreased 0.46 percent, or 7.28 point, to 1,576.77 points.

Market capitalization lost LE 7.03 billion, recording LE 761.83 billion, compared to LE 768.86 billion in Sunday’s session.

The trading volume reached 124.46 million shares, traded through 16,194 transactions, with a turnover of LE 686.27 million.

Egyptian investors were net buyers at LE 52.86 million, while Arab and foreign investors were net sellers at LE 28.02 million, and LE 24.84 million, respectively.

Arab and foreign individuals were net buyers at LE 17.26 million, and LE 693,168, respectively, while Egyptian individuals were net sellers at LE 3.7 million, respectively.

Arab and foreign organizations sold at LE 45.29 million, and LE 25.53 million, respectively, while Egyptian organizations bought at LE 56.58 million.

Assiut Islamic Trading, El Nasr for Manufacturing Agricultural Crops, and International Co for Investment & Development were top gainers of the session by 7.68 percent, 6.50 percent and 6 percent, respectively.

Meanwhile, Sidi Kerir Petrochemicals, Egyptian Starch & Glucose, and Cairo Oils & Soap were top losers of the session by 9.28 percent, 8.60 percent, and 5.84 percent, respectively.

On Sunday, EGX ended trading in green for the second session in row, as EGX30 rose 0.44 percent, EGX50 climbed 1.02 percent, EGX70 hiked 0.22 percent, and EGX100 increased 0.27 percent.