Indices of the Egyptian Exchange (EGX) were all colored by red by the end of Wednesday’s session, losing LE 13.3 billion of its market capitalization, amid Egyptian selling.
The benchmark EGX30 lessened 2.45 percent, or 333.21 points, to close at 13,246.39 points.
The equally weighted index EGX50 dropped 1.82 percent, or 38.32 points, to reach 2,068.64 points.
Meanwhile, the small and mid-cap index EGX70 decreased 1.82 percent, or 38.32 points, reaching 685.86 points, and the broader index EGX100 inched down 1.26 percent, or 21.93 points, closing at 1,720.011 points.
Market capitalization lost LE 13.2 billion, recording LE 748.26 billion, compared to LE 761.53 billion in Tuesday’s session.
The trading volume reached 182.95 million shares, traded through 23,555 transactions, with a turnover of LE 733.21 million.
Egyptian investors were net sellers at LE 111.78 million, while Arab and foreign investors were net buyers at LE 48.9 million and LE 62.87 million, respectively.
Egyptian, Arab and foreign individuals were net sellers at LE 13.96 million, LE 1.48 million, and LE 356,734, respectively.
Arab and foreign organizations bought at LE 50.39 million, and LE 63.22 million, respectively, while Egyptian organizations sold at LE 97.82 million.
Regarding Stocks, Al Tawfeek Leasing Company-A.T.LEASE, East Delta Flour Mills, and GB Auto were top gainers of the session by 4.95 percent, 4.62 percent and 3.15 percent, respectively.
Meanwhile, Gharbia Islamic Housing Development, Egypt for Poultry, and Misr Chemical Industries were top losers of the session by 9.36 percent, 9.18 percent, and 8.58 percent, respectively.
EGX ended Wednesday’s session on mixed note, as EGX30 decreased 0.49 percent, EGX50 inched down 0.76 percent, EGX100 declined 0.18 percent, while EGX70 rose 0.01 percent.
Egypt Today
