EGX closes Monday in red; market cap loses EGP 10bn

Cairo – Mubasher: The Egyptian Exchange (EGX) ended Monday’s trading session in red, pressured by the selling activity of Egyptian investors.

The benchmark index EGX30 dropped 170.10 points, or 1.15%, to close at 14,670 points.

The small and medium enterprise index EGX70 went down 0.3% and closed at 684.26 points, while the broader index EGX100 fell 0.47% and ended the session at 1,734 points.

The equal-weighted EGX50 index tumbled 1.4% to the level of 2,385 points.

The market capitalisation declined EGP 10 billion and reached a total of EGP 813.29 billion.

Traded volumes amounted to 145.9 million shares, with a total turnover of EGP 686.23 million, through around 18,160 transactions.

Egyptian investors were net sellers with EGP 400.8 million, while foreign and Arab investors were net buyers with EGP 337.8 million and EGP 63.03 million, respectively.

The Commercial International Bank (CIB), the heaviest stock in the main index, inched up 0.1% to EGP 68.5, at a turnover of EGP 104.17 million.

Mubasher Contribution Time: 25-Mar-2019 14:25 (GMT)
Mubasher Last Update Time: 25-Mar-2019 14:25 (GMT)