Home StocksEGX EGX Loses EGP 1.75 On Foreign Selling Pressures; Midday

EGX Loses EGP 1.75 On Foreign Selling Pressures; Midday

by Yomna Yasser

On Monday’s midday session, the EGX extended its early losses to reach EGP 1.75 billion as the capital market has amounted to EGP 357.637 billion at 10:48 GMT (12:48 p.m in Cairo).

The main index, EGX30 slumped 0.58% to close at 5053.56 p. EGX20 inched lower 0.88% to close at 5879.76 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell 0.62% to close at 435.64 p. Price index EGX100 edged down 0.49% to close at 791.87 p.

Traded volume reached 45.298 million securities worth EGP 203.810 million, exchanged through 9.640 thousand transactions.

This was after trading in 146 listed securities; 108 declined and 24 advanced while 14 keeping their previous levels.

Egyptians were net buyers seizing 73.39% of the total markets, with a net equity of EGP 59.184 million, excluding the deals.

On the other hand, non-Arab Foreigners and Arabs were net sellers seizing 21.53% and 5.09% respectively,   with a net equity of EGP 55.321 million and EGP 3.862 million, excluding the deals.

EGX’s leading shares have witnessed steeply downwards led by EFG-Hermes Holding (HRHO) which dived 3.64% to hit EGP 12.69.

Commercial International Bank- Egypt (COMI) also edged down  0.04% to reach EGP 26.25. Orascom Construction Industries (OCIC) slumped 0.45% to hit EGP 279.

In the meanwhile, the shares that kept their previous levels were Orascom Telecom Holding (OTH) (ORTE) reaching EGP 3.38 and Orascom Telecom Media & Technology Holding (OTMT) hitting EGP 1.41.

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