EGX ends Monday in red amid Egyptians selling

FILE – EGX

The Egyptian Exchange (EGX) ended Monday’s session in red, while market capitalization gained around LE 714.26 million, amid Egyptian selling.

The benchmark EGX30 decreased 0.03 percent, or 4.42 points, to close at 14,815.18 points.

The equally weighted index EGX50 dipped 0.26 percent, or 6.22 points, to reach 2,398.19 points.

The small and mid-cap index EGX70 inched down 1.12 percent, or 8 point, to 708.64 points, and the broader index EGX100 lessened 0.96 percent, or 17.35 points, to close at 1,787.53 points.

Market capitalization gained LE 714.26 million, recording LE 822.1 billion, compared to LE 821.4 billion in Sunday’s session.

The trading volume reached 223.68 million shares, traded through 26,108 transactions, with a turnover of LE 903.05 million.

Egyptian investors were net sellers at LE 135.74 million, while Arab and foreign investors were net buyers at LE 2 million and LE 133.74 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 28.49 million, LE 1.82 million, and LE 4.34 million, respectively.

Egyptian organizations sold LE 107.25 million, while Arab and foreign organizations bought at LE 3.83 million, and LE 138.08 million, respectively.

Egyptian International Tourism Projects, General Company for Land Reclamation, Development & Reconstruction, and Egyptian Starch & Glucose were top gainers of the session by 9.73 percent, 7.18 percent and 6.05 percent, respectively.

Meanwhile, Porto Group, Atlas for Investment and Food Industries, and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 4.96 percent, 4.08 percent, and 3.90 percent, respectively.

EGX ended Sunday’s session on mixed note, as EGX30 rose 0.11 percent, while EGX50 dipped 0.90 percent, EGX70 dropped 0.42 percent, and EGX100 decreased 0.39 percent.

Egypt Today

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