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Nov 21 | EGX kicks off week in red, loses LE6.7B of market cap.

Market capitalization lost around LE 6.7 billion, recording LE 703.69 billion, compared to LE 710.39 billion in Thursday’s session

By: Hanan Mohamed

Sun, Nov. 21, 2021

The Egyptian Exchange (EGX) ended Sunday in red, losing around LE 6.7 billion of market capitalization, amid Egyptian selling.

The benchmark EGX30 dropped 0.57 percent, or 64.88 points, to end at 11,273.11 points.

The equally weighted index EGX 50 declined 3.13 percent, or 60.35 points, to end at 1,870 points.

The small and mid-cap index EGX 70 shrank 3.56 percent, or 71.84 points, to close at 1,944.11 points, and the broader index EGX100 decreased 2.90 percent, or 86.33 points, to close at 2,886.1 points.

Market capitalization lost around LE 6.7 billion, recording LE 703.69 billion, compared to LE 710.39 billion in Thursday’s session.

The trading volume reached 209.72 million shares, traded through 28,699 transactions, with a turnover of LE 547.63 million.

Egyptian investors were net sellers at LE 91 million, while Arab and foreign investors were net buyers at LE 85.85 million, and LE 5.15 million, respectively.

Egyptian and Arab individuals were net buyers at LE 4.46 million, and LE 2.5 million, respectively, while foreign individuals were net sellers at LE 486,927.

Arab and foreign organizations bought at LE 83.35 million, and LE 5.64 million, respectively, while Egyptian organizations sold at LE 95.46 million.

Iron and Steel for Mines and Quarries, Misr Chemical Industries, and Gulf Canadian Real Estate Investment Co. were top gainers of the session at 9.22 percent, 4.42 percent and 2.53 percent, respectively.

Meanwhile, the Arab Dairy Products Co. Arab Dairy - Panda, Egyptian Real Estate Group, and Ismailia Development and Real Estate Co were top losers of the session by 19.95 percent, 19.85 percent, and 12.77 percent, respectively.