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Nov. 16 | EGX ends mid-week trading in the red

The EGX’s market capitalization fell by EGP 9.92 billion to EGP 709.91 billion

By: Business Today Egypt

Tue, Nov. 16, 2021

The Egyptian Exchange (EGX) closed its Tuesday trading in the red zone, losing around EGP 9.92 billion in market capitalization.

EGX 30, the exchange’s benchmark, inched down by 0.73% to end at 11,413 points, while EGX 50 dropped by 3.53% to 1,933 points.

EGX 70 fell by 4.63% to 2,031 points, with EGX 100 dropping by 3.73% to 2,990 points.

The trading session saw a turnover of EGP 938.6755 million through the exchange of 285.62 million shares.

The EGX’s market capitalization fell by EGP 9.92 billion to EGP 709.91 billion.

Foreign investors were net sellers with EGP 120.02 million, while local and Arab traders were net buyers with EGP 100.77 million and EGP 19.24 million, respectively.

The top gains of the session were by East Delta Flour Mills by 19.95%, El Orouba Securities Brokerage by 19.95%, Middle & West Delta Flour Mills by 8.68%, and Egyptian Iron & Steel by 5%.

Companies with the biggest losses were Rights Issue Of El Obour Real Estate Investment-2 by 38.39%, El Obour Real Estate Investment by 20%, Rowad Tourism (Al Rowad) by 20%, Zahraa Maadi Investment & Development by 19.99%.