Institutional buying ends EGX 5-day rally

Cairo – Mubasher: The Egyptian Exchange ended Sunday’s trading session in the negative zone, reversing a five-session gaining streak.

The benchmark index EGX30 fell 47.7 points, 0.59%, to 7,983.15 points on institutional selling.

The largest EGX30 constituent went down by 0.53% to EGP 47.37 with a turnover of EGP 39.9 million.

The small and mid-cap index EGX70 and the broader shared the same figures to finish the session 0.26% lower to 361.56 points.

The equal-weighted index EGX50 decreased by 0.71% to 1,374.7 points.

Egyptians and foreigners were net sellers by EGP 1.2 million and EGP 1.6 million respectively, while Arab investors were net buyers by EGP 2.9 million.

By category, institutions hampered EGX upturn after Arabs, foreigners, and Egyptians came as net sellers by EGP 10.9 million, EGP 7.5 million, and EGP 2 million.

Trading value reached EGP 362.5 million. Out of 170 traded stocks, 24 were up, 92 down, and 54 flat,

The top gainers were Rubex International for Plastic (+8.8%), Arab Aluminum (+6.7), and Egyptian International Pharmaceuticals (+4.3%).

Meanwhile, the top losers were Development & Engineering Consultants (-9.6%), South Cairo & Giza Mills & Bakeries (-8.9%), and National Cement (-5.6%).

MUBASHER Contribution Time: 31-Jul-2016 14:02 (GMT)
MUBASHER Last Update Time: 31-Jul-2016 15:17 (GMT)