Egypt’s bourse closes on mixed note

Cairo – Mubasher: The Egyptian Exchange (EGX) indices closed on mixed note on Wednesday, as the benchmark index EGX30 inched down 0.05% to close at 8,257.2 points.

The small and medium caps index EGX70 went up 0.32% to 334.38 points, while the broader index EGX100 slide 0.12% to 792.28 points.

The equal weighted index EGX50 added 0.67% to close at 1,280.6 points.

Foreign investors ended as net sellers with EGP 43.7 million, while local and Arab investors ended as buyers with EGP 42.8 million and EGP 906,000 respectively.

Institutions ended as net sellers with EGP 1.1 million, while retail investors ended as net buyers.

The heavy weighted Commercial International Bank lost 0.99% reaching EGP 51.2 with trading value worth EGP 29.3 million.

The market witnessed 193 million shares changed hands worth EGP 563.6 million.

The market capitalization shed EGP372 million reaching EGP406.4 billion.

Out of 161 stocks traded today, advancers outnumbered decliners by 76 to 41, while 44 stocks remained unchanged.

Today’s top gainers were Qalaa Holding, up 9.2%, Porto Group, and, Egyptian Resorts, both up 4.6%.

On the flip side, today’s worst performers were: Eastern Co, down 5.7%, Global Telecom, down 4.4%, and Elsewedy Electric, down 2.6%. Market turnover was EGP 476.1 million, and local investors were the sole net buyers during the day.

MUBASHER Contribution Time: 26-Oct-2016 14:10 (GMT)
MUBASHER Last Update Time: 26-Oct-2016 14:10 (GMT)