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May 15 | EGX falls into the red with 5.9B loss of market cap

Market capitalization reached EGP 694.17 billion, down from the EGP 700.09 billion recorded on Thursday’s trading session

By: Business Today Egypt

Sun, May. 15, 2022

The Egyptian Exchange (EGX) closed the week’s first trading session in the red, losing around EGP 5.9 billion of market capitalization.

Benchmark index EGX 30 fell by 1.36% to close trading at 10,534.22 points, with EGX 50 dropping 1.09% to 1,842.24 points.

EGX 70 inched down by 0.42% to close at 1,825.16 points, while EGX 100 declined by 0.69% to 2,766.74 points.

Today’s trading turnover reached 4.92 billion after 312.57 million shares had been exchanged through 32,928 transactions.

Market capitalization reached EGP 694.17 billion, down from the EGP 700.09 billion recorded on Thursday’s trading session.

Egyptian investors were net buyers with EGP 1.54 billion, while Arab and foreign traders were net sellers with EGP 683.56 million and EGP 863.25 million, respectively.

The session’s top gainers were Arab Co. for Asset Management And Development which climbed by 6.93%, El Wadi For International and Investment Development by 5.88%, Egyptian Transport (EGYTRANS) by 4.2%, and Arabia Investments Holding by 4.04%.

Top losses were by El Kahera Housing by 5.81%, Engineering Industries (ICON) by 5.76%, El Arabia Engineering Industries by 5.25% and Ibnsina Pharma by 4.58%.