Home StocksEGX Egyptian Exchange Loses EGP 360 Mln; Presidential Elections Eve

Egyptian Exchange Loses EGP 360 Mln; Presidential Elections Eve

by Yomna Yasser

On the presidential elections eve, the EGX posted on Tuesday’s closing losses of EGP 360 million as the capital market has amounted to EGP 347.347 billion.

The main index, EGX30 slumped 0.29% to close at 4864.18 p. EGX20 inched lower 0.16% to end at 5612.08 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged down 0.19% to conclude at 420.19 p. Price index EGX100 dived 0.15% to finish at 768.81 p.

Traded volume reached 55.228 million securities worth EGP 211.943 million, exchanged through 14.497 thousand transactions.

This was after trading in 169 listed securities; 78 declined and 60 advanced while 31 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 62.39% and 9.74% respectively, of the total markets, with a net equity of EGP 46.613 million and EGP 11.253 million, excluding the deals.

On the other hand, non-Arab Foreigners were net sellers seizing 27.87% of the total markets, with a net equity of EGP 57.866 million excluding the deals.

EGX’s leading shares witnessed collective downwards led by Commercial International Bank- Egypt (COMI.CA) which sank 0.70% to finish at EGP 25.66. EFG-Hermes Holding (HRHO.CA) also inched lower 0.62% to conclude at EGP 11.19. Orascom Construciton Industries (OCIC.CA) fell 0.27% to EGP 270.90.

In the meanwhile, the shares that maintained their previous levels were Orascom Telecom Media & Technology Holding (OTMT.CA) closing at EGP 1.35 and Orascom Telecom Holding (OTH) (ORTE.CA) concluding at EGP 3.11.

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