Egyptian Exchange Loses EGP 4.7 Bln On Midday

By Yomna Yasser On May 20, 2012

On Sunday’s midday session, the EGX lost EGP 4.71 billion as the capital market has reached EGP 343.779 billion by 10:49 GMT (12:49 pm in Cairo).

The main index, EGX30 sank 2.21% to reach 4782.18 p. EGX20 inched lower 2.27% to hit 5497.14 p.

Meanwhile, the mid- and small-cap index, the EGX70 sagged 0.86% to hit 416.23 p. Price index EGX100 went down 1.17% to reach 762.1 p.

Traded volume reached 22.835 million securities worth EGP 135.419 million, exchanged through 6.777 thousand transactions.

This was after trading in 139 listed securities; 107 declined and 16 advanced while 16 keeping their previous levels.

Egyptians were net sellers seizing 94.86% of the total markets, with a net equity of EGP 6.908 million, excluding the deals.

On the other hand, non-Arab Foreigners and Arabs were net buyers seizing 4.84% and 0.3% respectively, of the total market with a net equity of EGP 3.323 million and EGP 3.585 million, excluding the deals.

EGX’s leading shares witnessed collective downwards led by EFG-Hermes Holding (HRHO.CA) which dived 5.12% to reach EGP 11.13. Orascom Telecom Holding (OTH) (ORTE.CA) sank 3.18% to hit EGP 3.04. Orascom Construction Industries (OCIC.CA) fell 2.87% to reach EGP 267.99. Additionally, Commercial International Bank- Egypt (COMI.CA) went down 2.39% to reach EGP 24.93. Orascom Telecom Media & Technology Holding (OTMT.CA) edged down 2.22% to conclude at EGP 1.32.