EGX down on local sales, market cap loses EGP 2bn

Cairo - Mubasher: The Egyptian Exchange (EGX) ended Sunday’s trading session in red through the pressure of the selling activity of Egyptian investors.

The benchmark index EGX30 went down by 0.64%, losing 82 points, and closed at the level of 12,912.27 points.

EGX70 gained 0.62% and closed at 573.2 points, while the broader index EGX100 added 0.34% to close at 1,332.27 points.

Meanwhile, the equal-weighted index EGX50 remained stable at the level of 2,071.23 points.

The market capital lost EGP 2.01 billion, and closed at EGP 652.96 billion.

Traded volumes reached 154.9 million shares, with a total turnover of EGP 693.4 million, through 26,200 transactions.

Egyptian investors were net sellers at EGP 104.3 million, while foreign and Arab investors leaned towards buying, netting EGP 478,000 and EGP 15.2 million respectively.

TransOceans Tours led the session’s gainers and surged 20%, followed by Raya Holding and Acrow Misr with 9.99% each.

On the other hand, Modern Shorouk Printing and Packaging was the top loser and dropped 8.8%.

Commercial International Bank - Egypt (CIB) lost 0.70% and closed at EGP 75.

MUBASHER Contribution Time: 02-Apr-2017 14:07 (GMT)
MUBASHER Last Update Time: 02-Apr-2017 14:15 (GMT)