EGX30 hits two-month low, falls 1.1%

Cairo – Mubasher: Unlike the early green beginning, the Egyptian Exchange finished Sunday's trading session in the red zone after its main gauge registered the lowest level since 12 April 2016.

The benchmark index EGX30 shed 82 points, or 1.1%, to the mark of 7,337.9 points.

The small and mid-cap index fell 0.7% to 357.7 points.

Likewise, the broader index EGX100 ended 0.72% down to 760.9 points and the equal weighted index EGX50 moved down by 1.1% to 132.4 points.

The largest EGX30 constituent fell by 0.9% to EGP 41.8.

Egyptians were net sellers by EGP 17.5 million, while Arab and foreign investors were net buyers by EGP 8.9 million and 8.7 million respectively.

Market turnover reached EGP 266.1 million after 121 million shares were traded.

The gainers were led by Lecico Egypt (+8.90%), Maridive & oil services (+7.41%), and Orascom Development Holding (+4.20%).

Meanwhile the top losers were Ismailia National Food Industries (-9.48%), Golden Coast Company (-7.94%), Nozha International Hospital (-7.50%).            

Market capitalization lost EGP 1.9 billion ($213.8 million) to close at EGP 397.2 billion against EGP 399.1 billion registered last Thursday. 

MUBASHER Contribution Time: 19-Jun-2016 13:03 (GMT)
MUBASHER Last Update Time: 19-Jun-2016 13:03 (GMT)