Cairo – Mubasher: The Egyptian Exchange ended the first trading session this week on a lower note.
The benchmark inched down by 0.05% to 7,521 points. The small and mid-cap EGX70 finished the session lower by 0.10% to 366.9 points. The broader index EGX100 closed down 0.29% to 789.9 points. The equal-weighted index EGX50 fell 0.43% to 1432.8 points.
Pressured by the sale of Arab and national institutions, the total market value lost EGP1.6 billion to settle at EGP405.9 billion against EGP407.5 billion on Thursday.
Nationals and Arab investors were net sellers by EGP7.1 million and EGP860,000 respectively, while foreign investors were net buyers by EGP8 billion.
By category, Institutions, the Arab and national ones in particular, tended to sell their stocks by a net of EGP17.9 million and EGP5.9 million correspondingly, while individuals were net buyers.
The top losers were Egyptian International Tourism Projects (-8.70%),National company for maize products (-7.21%), Edita Food Industries (-6.98%), Al Arafa For Investment And Consultancies (-6.67%), and Development & Engineering Consultants (-6.21%)
The gainers were led by TransOceans Tours with a rise of 14.29%, then followed by Glaxo Smith Kline (+9.94%), El Obour Real Estate Investment (+8.12%), El Orouba Securities Brokerage (+6.17%), and Egypt for Poultry (+4.64%).
