EGX market watch, March 16: collective decline, 404 million EGP loss
The Egyptian stock exchange - AFP/Khaled Desouki

CAIRO: The Egyptian Stock Exchange EGX indexes collectively edged down during Sunday trading sessions supported by Arab and Egyptian investors’ net sells meanwhile foreign investors tended to purchase.

During Sunday trading sessions, the EGX market capital lost 404 million EGP ($630,000) of its value due to intensive purchase.

The Egyptian Stock Exchange main index EGX30 edged down by 0.17 percent to worth 8128.2 points, the EGX70 for small and mid-cap enterprises declined by 0.43 percent to value 649 points while the broader EGX100 edged down by 0.29 percent to value 1112 points.

The EGX trade value on Sunday was worth 1.2 billion EGP at 367.5 million shares and 40,700 transactions.

EGX transactions ran on 177 financial securities; 64 of the submitted securities edged higher, 97 declined and 16 remained unchanged.

Egyptian and Arab investors’ net sells recorded 45.5 and 13.4 million EGP respectively, while the foreign investors’ net purchases valued 58.6 million EGP.

For shares, the Belton Financial Holding led the declined shares to value 18.8 EGP per share, a 9.9 percent decline, followed by Arab Engineering Industries’ share to hit at 23.18 EGP; a 5 percent decline.

The shares of Suez Cement headed the gainers to rise 8.7 percent to 38.6  EGP per share, followed by El Kahera Housing shares rising by 7.1 percent to worth 10.7 EGP.

Additional reporting by Asmaa Amin. 

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