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.