During Wednesday closing session, the Egyptian Exchange (EGX) has extended posting losses which eventually hit around EGP 2 billion as the capital market has amounted to EGP 387.734 million. The EGX will halt its trading on Thursday on the occasion of the new Islamic calendar. The EGX indices closed in red. The main index, EGX30 tumbled by 0.38% to close at 5662.39 p. EGX20 edged down by 0.61% to end at 6497.32 p. Meanwhile, the mid- and small-cap index, the EGX70 went down by 0.55% to conclude 516.42 pts. Price index EGX100 fell by 0.43% to finish at 856.38 p. Traded volume reached 89.348 million securities worth EGP 372.614 million, exchanged 18.776 thousand transactions. This was after trading in 174 listed securities; 96 declined 47 advanced while 31 keeping their previous levels. EGX's closing losses were driven by Arabs and non-Arab Foreigners' selling pressures. Arabs and non-Arab Foreigners were net sellers 3.64% and 27.11% respectively, of the total markets, with a net equity of EGP 2.140 million and EGP 17.194 million excluding the deals. On the other hand, Egyptians were net buyers seizing 69.26% of the total markets, with a net equity of EGP 19.335 million excluding the deals. Leading Shares: EGX's leading shares witnessed upwards. Orascom Telecom Media & Technology Holding: Orascom Telecom Media & Technology Holding (OTMT.CA)'s stock dipped by 1.64% to end at EGP 0.60. EFG-Hermes: EFG-Hermes Holding (HRHO.CA) fell by 0.36% to close at EGP 11.21. Orascom Telecom Holding: Orascom Telecom Holding (OTH) (ORTE.CA) went down by 0.27% to close at EGP 3.72. Citadel Capital: Citadel Capital (CCAP.CA)'s stock tumbled by 0.26% to finish at EGP 3.89. Orascom Construction Industries: Orascom Construction Industries – OCI (OCIC.CA)'s stock pushed up by 0.18% to conclude at EGP 262.48.
