Cairo bourse closes mixed; market cap loses EGP 1.3bn

Cairo – Mubasher: The Egyptian Exchange finished Sunday’s trading session on a mixed note, witnessing selling pressures that gradually got softened at close.

The benchmark EGX30 declined by 0.49%, or 38.04 points, to close at the level of 7,743.41 points.

Global Telecom went down by 3.16% to EGP3.06 and came as the value leader with around EGP39.45 million.

CIB, the largest EGX30 constituent, rose by 0.42% and raised EGP19.04 million after 443,380 shares were traded over 366,000 transactions.

The total market value lost EGP1.31 billion to close at EGP414.354 billion against EGP415.666 billion on Thursday.

Nationals were net sellers by EGP22 million, while Arab and Foreign investors were net buyers by EGP19.04 million and EGP2.9 million respectively.

With 152.1136 million shares changing hands, trading value reached EGP368.98 million.

The small and mid-cap EGX70 rose by 0.49% to 378.66 points. The broader index EGX100 closed 0.23% higher to 804.16 points.

Meanwhile, the equal-weighted index EGX50 moved up by 0.33% to 1,469.20 points.

The top gainers were El Nasr For Manufacturing Agricultural Crops (+8.22%), Cairo Pharmaceuticals (+7.5%), Arab Pharmaceuticals (+6.45%), and and Medical Packaging (+5.04%).

On the flip side, the top losers were Alexandria New Medical Center (-8.91%), Saudi Egyptian Investment & Finance (-8.29%), Ismailia National Food Industries (-5.43%), and National Bank Of Kuwait- Egypt (-4.05%).

The Egyptian Exchange will be tomorrow on the occasion of Sinai Liberation day. 

MUBASHER Contribution Time: 24-Apr-2016 15:09 (GMT)
MUBASHER Last Update Time: 24-Apr-2016 15:09 (GMT)