Cairo – Mubasher: The Egyptian Exchange (EGX) finished the mid-week trading session on a mixed note, erasing part of its early losses.
The benchmark index EGX30 fell 48.68 points, or 0.65%, to the mark of 7,457.5 points.
The Egyptian pound steadied at a cut-off price of 8.78 per dollar, unchanged from last week.
The largest EGX30 constituent inched down by 0.1% to EGP 42.32 with a turnover of 78.43 million.
On the same flip side, the benchmark’s top losers were Amer Group (-3.3%), Emaar Misr for Development (-2.5%), and Credit Agricole-Egypt (-1.3%).
Meanwhile, SODI, Telecom Egypt, and Madinet Nasr for Housing rose by 8.8%, 5.7%, and 4.9% respectively.
The broader index EGX100 ended 0.08% lower to 7,66.42 points and the equal-weighted index EGX50 decreased by 0.21% to 1,335.60 points.
Unlike, the small and mid-cap index EGX70 edged up 0.03% to 359.76 points, reversing its early downturn.
Arab and foreign investors were net sellers by EGP 33.5 million and EGP 29.4 million respectively, while Egyptians were net buyers by EGP 62.9 million.
Trading value stood at EGP 705.9 million after 214.2 million shares were traded.
Market capitalization lost EGP 1.26 billion ($142 million) to EGP 399.02 billion against EGP 400.28 billion yesterday.
The worst performers were headed by El Arabia Engineering (-10%), Wadi Kom Ombo (-9%), and Suez Cement (-8.34%).
On the other hand, South Cairo & Giza Mills, Minapharm Pharmaceuticals, Middle Egypt Flour Mills were the top advancers by 9.99%, 9.81%, and 9.10% correspondingly.
The bourse generally gave a better performance in the second half of the session after the central bank kept the Egyptian pound’s value unchanged, said Adel Abdel Fatah Chairman of Egyptian Arabian Cmar Securities Brokerage.
He expected EGX30 to target the mark of 7,700 points amid a spree in the real estate’s and financial services’ sectors.
