EGX closes Monday on mixed note

Cairo - Mubasher: The Egyptian Exchange (EGX) ended Monday’s trading session in red, maintaining the losses seen in early trades, on the pressure of Egyptian and Arab sales.

The benchmark index EGX30 fell 0.91%, losing 124.15 points, and closed at the level of 13,491.89 points.

EGX70 went up 0.5% to 615.22 points, while the broader index EGX100 increased by 0.31% to the level of 1,439.56 points.

Meanwhile, the equal-weighted index EGX50 declined 0.58% to 2,094 points.

Traded volumes reached 420.54 million shares, with a total turnover of EGP 833.87 million, through 22,070 transactions.

Egyptian and Arab investors were inclined to sell with a net of EGP 70.8 million, and EGP 13.58 million, respectively, while foreigners were net buyers at EGP 84.41 million.

The market capital lost EGP 1.5 billion, and closed at EGP 683.4 billion.

Porto led the declining blue chip stocks as it dropped 4.55%, followed by Emaar Misr and GB Auto with 3.53% and 3.21%, respectively.

On the other hand, Eastern Company was the top gainer with 1.6%, followed by Arabian Cement and Elsewedy Electric with 0.11% and 0.07%.

The heavyweight Commercial International Bank - Egypt (CIB) decreased 1.63% to EGP 82.50.

MUBASHER Contribution Time: 12-Jun-2017 13:50 (GMT)
MUBASHER Last Update Time: 12-Jun-2017 13:59 (GMT)