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Foreign organizations selling pushes EGX into red Thursday

CAIRO – 11 July 2019: The Egyptian Exchange (EGX) ended last session of the week in red, losing about LE 8.7 billion to market capitalization, amid foreign organizations selling.

The benchmark EGX 30 lessened 1.43 percent, or 199.7 point, to close at 13,813.56 points.

The equally weighted index EGX 50 decreased 1.39 percent, or 28.82 points, to close at 2,040.99 points.

Moreover, the small and mid-cap index EGX 70 dipped 0.41 percent, or 2.25 points, to close at 543.49 points, and the broader index EGX 100 declined 0.61 percent, or 8.62 point, to 1,403.32 points.

Market capitalization lost LE 8.7 billion, recording LE 738.18 billion, compared to LE 746.88 billion in Wednesday’s session.

The trading volume reached 649.33 million shares, traded through 19,888 transactions, with a turnover of LE 3.24 billion.

Foreign investors were net sellers at LE 809.22 million, while Egyptian and Arab investors were net buyers at LE 450.36 million, and LE 358.85 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 152.45 million, LE 62.55 million, and LE 373,662, respectively.

Egyptian and Arab organizations bought at LE 297.92 million, and LE 296.29 million, respectively, while foreign organizations sold at LE 809.59 million.

El Nasr For Manufacturing Agricultural Crops, Raya Holding For Financial Investments, and Cleopatra Hospital Company were top gainers of the session by 9.16 percent, 6.46 percent and 5.82 percent, respectively.

Meanwhile, Dice Sport & Casual Wear, Misr National Steel – Ataqa, and Ezz Steel were top losers of the session by 7.93 percent, 7.43 percent, and 7.25 percent, respectively.

EGX ended Wednesday’s session on mixed note, as EGX30 declined 0.60 percent, EGX50 decreased 1.24 percent, while EGX70 inched up 0.43 percent, and EGX100 hiked 0.22 percent.

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