Home StocksEGX EGX Loses EGP 5.6 Bln, Orascom Telecom Shares 3.95% Down; Closing

EGX Loses EGP 5.6 Bln, Orascom Telecom Shares 3.95% Down; Closing

by Yomna Yasser

The Egyptian Exchange (EGX) had on Tuesday’s closing posted losses of EGP 5.65 billion  as the capital market has reached EGP 326.905 billion.

The main index, EGX30 dived 2.31% to close at 4502.91 p.  EGX20 shed 2.59% to end at 5098.46 p.

Meanwhile, the mid- and small-cap index, the EGX70 sank 2.09% to conclude at 393.96 p. Price index EGX100 sagged 1.89% to finish at 702.73 p.

Traded volume reached 72.990 million securities worth EGP 214.431 million, exchanged through 15.688  thousand transactions.

This was after trading in 167 listed securities; 140 declined and 12 advanced while 15 keeping their previous levels.

Non-Arab Foreigners and Egyptians were net sellers seizing 82.69% and 13.87% respectively, of the total markets, with a net equity of EGP 1.997 million and EGP 1.036 million excluding the deals.

On the other hand, Arabs were net buyers seizing 3.44% of the total markets, with a net equity of EGP 3.034 million excluding the deals.

EGX’s leading shares witnessed collective downwards led by the shares of Orascom Telecom Holding (OTH) (ORTE.CA) which dived 3.95% finishing at EGP 2.92. Shares of Orascom Telecom Media & Technology Holding (OTMT.CA) sank 3.88% closing at EGP 1.24. Shares owned by Commercial International Bank- Egypt (COMI.CA) inched lower 2.14% ending at EGP 24.22.

Additionally, Shares of Orascom Construction Industries (OCIC.CA) shed 2.09% concluding at EGP 248.22.

Shares owned by EFG-Hermes Holding (HRHO.CA) sagged 1.84% closing at EGP 10.68.

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