Dec 27 | EGX ends trading in the red as companies settle financial statuses

The Egyptian Exchange (EGX) closed Monday’s trading session in the red, amidst sale pressures from Arab investment funds and institutions and Egyptian individuals to settle their financial status before the end of the year.

The exchange’s benchmark EGX 30 lowered by 0.05% to close at 11,849.79 points, with EGX 50 dropping 0.8% to 2,067.04 points.

EGX 70 went down by 0.9% to 2,178 points, while EGX 100 also fell by 0.78% to 3,219.05 points.

Trading value reached EGP 1.07 billion through the transaction of over 528.19 million shares.

The market capital’s value reached EGP 749.96 billion.

As for trading on securities, Egyptian and Arab investors were net sellers with EGP 11.34 million and EGP 8.01 million, respectively, while foreign traders were net buyers with EGP 19.36 million.