EGX Indices End Mixed, Benchmark 0.08% Up

During Monday closing session, the Egyptian Exchange (EGX) has turned its midday gains to losses of EGP 1.6 billion as the capital market has amounted to EGP 392.705 million.

The EGX indices closed mixed.

The main index, EGX30 inched higher by 0.08% to end at 5721.09 p.  EGX20 rose by 0.05% to close at 6682.43 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.05% to conclude at 527.02 pts.  Price index EGX100 dropped by 0.19% to finish at 872.06 p.

Traded volume reached 106.663 million securities worth EGP 324.632 million, exchanged 21.366 thousand transactions.

This was after trading in 174 listed securities; 91 declined 56 advanced while 27 keeping their previous levels.

EGX’s losses were due to Egyptians as well as Arabs’ selling pressures.

Egyptians and Arabs were net sellers seizing 79.69% and 7.3% respectively, of the total markets, with a net equity of EGP 36.386 million and EGP 3.290 million excluding the deals.

On the other hand, the non-Arab Foreigners were net buyers seizing 13.01% of the total markets, with a net equity of EGP 39.677 million excluding the deals.

Leading Shares:

EGX’s leading shares witnessed unsteady performance.

Orascom Construction Industries:

Orascom Construction Industries – OCI (OCIC.CA)’s stock fell by 0.77% to end at EGP 263.25.

EFG-Hermes:

EFG-Hermes Holding (HRHO.CA) inched lower by 0.59% to finish at EGP 11.79.

Citadel Capital:

Citadel Capital (CCAP.CA)’s stock went down by 0.49% to close at EGP 4.07.

Orascom Telecom Media & Technology Holding:

Orascom Telecom Media & Technology Holding (OTMT.CA) maintained with no change at EGP 0.59.

Orascom Telecom Holding:

Orascom Telecom Holding (OTH) (ORTE.CA) rose by 0.81% to conclude at EGP 3.75.

Orascom Telecom Holding and its Russian parent Vimpelcom have agreed to provide one another with technical and commercial services to improve the efficiency of their businesses, Orascom said on Sunday.

Orascom said it was changing its name to Global Telecom Holding SAE after Vimpelcom took control of the Egyptian company last year in a deal worth around $6 billion.

It further added that Orascom planned to take control of Canada’s Globalive Investment Holding Corp. after changes to Canada’s foreign ownership laws. The change requires the approval of Canadian investment authorities, expected by early next year.