Cairo – Mubasher: The Egyptian Exchange finished Sunday’s trading session in the red zone, reversing an eleven-session bull-run.
The benchmark EGX30 ended the session lower by 0.26%, or 19.8 points, to 7,465 points. Likewise, the small and mid-cap index EGX70 declined by 0.34% to 781 points. The broader index EGX100 also dropped 0.34% to 781 points and the equal-weighted index EGX50 saw a slide of 1.05% to 1,359 points.
Market capitalisation lost EGP 3.2 billion ($356 million) to close Sunday at EGP444.3 billion against EGP447.5 billion on Thursday.
Trading value reached EGP2.16 billion. Moreover, the bourse saw 50 stocks go up, 97 move down, and 27 stay at the previous levels.
Tracking stock movement, the top gainers were led by SODIC, AJWA , Alexandria Pharmaceuticals, El Obour Real Estate Investment with a rise ranging between 3.7% and 5.9%.
Meanwhile, the negative list was headed by National Housing for Professional Syndicates (-8.91%), Misr National Steel (-8.25%), Saudi Egyptian Investment & Finance (-6.59%), and Edita Food Industries (-5.23%).
Nationals tended to sell their stocks with a net of EGP743.4 million, while Arab and foreign investors were net buyers by EGP133.2 million and EGP610.2 million in a row.
The Cairo bourse executed Sunday the public and private offering of 122.5 million shares in Arabian Food Industries (Domty).
Translated by Ahmed El-Sayed Ali
