EGX starts week in red, market cap. loses LE 5.5B

CAIRO – 7 April 2019: The Egyptian Exchange (EGX) started the week in red, losing LE 5.56 billion to the market capitalization, amid foreign selling.

The benchmark EGX30 dropped 0.74 percent, or 112.34 points, to close at 15,135.47 points.

The equally weighted index EGX50 decreased 0.55 percent, or 13.25 points, to reach 2,402.87 points.

The small and mid-cap index EGX70 declined 0.42 percent, or 2.86 points, to close at 675.23 points, and the broader index EGX100 lessened 0.46 percent, or 7.94 point, to 1,722.6 points.

Market capitalization lost LE 5.56 billion, recording LE 824.69 billion, compared to LE 830.25 billion in Thursday’s session.

The trading volume reached 144.84 million shares, traded through 15,005 transactions, with a turnover of LE 346.51 billion.

Foreign investors were net sellers at LE 14.7 million, while Egyptian and Arab investors were net buyers at LE 6.07 million and LE 8.63 million, respectively.

Egyptian and Arab individuals were net buyers at LE 20.53 million, and LE 3.88 million, respectively, while foreign individuals were net sellers at LE 5.31 million.

Egyptian and foreign organizations sold at LE 14.46 million, and LE 9.39 million, respectively, while Arab organizations bought at LE 4.75 million.

Egyptian Real Estate Group, Arab Polvara Spinning & Weaving CO., and International Agricultural Products, were top gainers of the session by 8.07 percent, 4.85 percent and 3.48 percent, respectively.

Meanwhile, WadiKomOmbo Land Reclamation, AJWA for Food Industries Company Egypt, and Egyptian International Tourism Projects were top losers of the session by 8.17 percent, 6.44 percent, and 5.48 percent, respectively.

EGX ended Thursday’s sessionin green, as EGX30 hiked 0.33 percent, EGX50 increased 0.13 percent, EGX70 inched up0.17 percent, and EGX100 climbed0.20 percent.