Market Commentary



The local market headed south today with EGX30 declining 0.56 % to close at 11,132.07pts, and ‎EGX70 dropping 2.72% to close at 2,413.56 pts Over the week, EGX30 increased 1.24% and EGX70 dipped 8.46%.

Today’s turnover recorded EGP 3,268mn distributed over 593mn shares. Local investors stepped in as net buyers with EGP 799.12mn, while Foreign and Arab investors stepped out as net sellers with EGP 549.31mn and EGP 249.81mn respectively. ‎‎Retail accounted for 45.5% of total turnover while institutions trades accounted for ‎‎the remaining 54.5%.‎

Today’s top gainers’ list was led e-Finance (EFIH.CA) surging 50.21% to close at EGP 21.  Egyptian Real Estate Group (AREH.CA) followed suit rising 14.68% to close at EGP 5. General Co For Silos & Storage (GSSC.CA) came in 3rd place adding 12.95% to close at EGP 79.99.

On the other hand, top losers’ list was Emerald Real Estate Investment (EMRI.CA) falling 20% to close at EGP 2.96. Ismailia Development & Real Estate Co (IDRE.CA) followed suit dropping 19.99% to close at EGP 49.26. National Real Estate Bank For Deve. (NRPD.CA) came in 3rd place dipping 19.99% to close at EGP 36.42.



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