EGX 30 Ends Below 4905 Pts, TMG 6.98% Down; Sunday Closing

The Egyptian Exchange (EGX) has posted losses during Sunday closing worth EGP 3.3 billion as the capital market has amounted to EGP 346.590 billion.

The main index, EGX30 slumped 0.96% to end at 4902.07 p.  EGX20 dived 1.63% to close at 5659.18 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched lower 0.72% to finish at 435.29  p.  Price index EGX100 edged down 0.81% to conclude at 744.77 p.

Traded volume reached 141.120 million securities worth 372.793 million, exchanged through 24.811 thousand transactions.

This was after trading in 177 listed securities; 131 declined and 36 advanced while 10 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 91.46% and 4.26% respectively, of the total markets, with a net equity of EGP 5.534 million and EGP 6.027 million excluding the deals.

Non-Arab Foreigners were net sellers seizing  4.28% of the total markets, with a net equity of EGP 11.561 million excluding the deals.

Leading Shares:

EGX’s leading shares witnessed collective downwards except for the shares of Orascom Telecom Media & Technology Holding (OTMT.CA) soared 1.96% to finish at EGP 1.56, of Commercial International Bank- Egypt (CIB) (COMI.CA) which went up by 0.21% to close at EGP 29.03 and of Orascom Construction Industries (OCIC.CA) which inched higher 0.02% to end at EGP 255.74.

On the other hand, the shares of Talaat Moustafa Group (TMGH.CA) dived 6.98 to finish at EGP 4.40, poised for the biggest drop since March 2011. A panel of judges recommended the annulment of a revised contract that allowed the government to sell a plot of land to Egypt’s biggest publicly traded real estate developer for its Madinaty project.

Additionally, the shares owned by EFG-Hermes Holding (HRHO.CA) dived by 3.48% to end at EGP 11.09. Shares of Orascom Telecom Holding (OTH) (ORTE.CA) sank 0.61% to conclude at EGP 3.27.