- Loud, Quiet, or Contextual? What European and African Consumer Behaviour Reveals About Status, History and Power
- Property Investment in Uncertain Times: How to Maximise Returns in a Shifting Economy - Eva August, CEO, Century 21
- Railway infrastructure is one of the solutions to Africa’s Trade Expansion - Caroline Trefault, MSC’s Intermodal Africa Manager
- The Precision Transition: Designing Africa’s power systems for reality, not abstraction
- Three weeks of conflict have tested the logic behind a rand-only portfolio - Harry Scherzer, CEO of Future Forex
Egypt Market Watch May 10th 2015: Egypt Equities lose EGP 2.2bn on dull trades
The Egyptian Exchange (EGX) indices retreated collectively on Sunday amid a lack of positive catalysts, while the market capitalization lost nearly EGP 2.2 billion ($289.6 million).
The benchmark index EGX 30 index erased its early gains, falling 0.58% or 50.4 points to 8,692 points. While the small and mid-cap index EGX 70 index lost 0.2% to 470.15, and the broader EGX 100 declined 0.01% to 968.53 points.
Sunday’s turnover amounted to EGP 256 million, while traded volume reached around 79.6 million shares sealed through 12,200 transactions.
Local traders were buyers by EGP 547.3 million, while foreign and Arab traders were sellers by EGP 294,000 and EGP 253,200, respectively. Meanwhile, retail traders were net buyers, while institutions were net sellers.
El Obour Real Estate Investment topped gainers, surging 8.42% to close at EGP 4.25. Misr Hotels led losers, falling 9.08% to close at EGP 19.84.