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June 16 | EGX closes the week in the red

Market capitalization lost around LE 4.14 billion, recording LE 657.65 billion, compared to LE 661.76 billion in Wednesday’s session

Thu, Jun. 16, 2022

The Egyptian Exchange (EGX) ended Thursday’s session in the red zone, losing around LE 4.14 billion of market capitalization, amid foreign selling.

The benchmark EGX30 declined 1.04 percent, or 103.22 points, to end at 9,866.75 points.

The equally weighted index EGX 50 dipped 0.93 percent, or 16.48 points, to end at 1,754.32 points.

The small and mid-cap index EGX 70 decreased 0.87 percent, or 16.18 points, to close at 1,854.18 points, and the broader index EGX 100 inched down 0.79 percent, or 21.8 points, to close at 2,738.58 points.

Market capitalization lost around LE 4.14 billion, recording LE 657.65 billion, compared to LE 661.76 billion in Wednesday’s session.

The trading volume reached 473.83 million shares, traded through 35,416 transactions, with a turnover of LE 1.23 billion.

Foreign investors were net sellers at LE 289.94 million, while Egyptian and Arab investors were net buyers at LE 272.62 million, and LE 17.32 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 30.05 million, LE 30.05 million, LE 478,693, respectively.

Egyptian and Arab organizations bought at LE 242.56 million,and LE 11.71 million, respectively, while foreign organizations sold at LE 290.42 million.

The Arab Dairy Products Co. Arab Dairy - Panda, Universal for Paper and Packaging Materials (Unipack), and Egyptian Transport (EGYTRANS) were top gainers of the session at 6.93 percent, 5.53 percent and 4.62 percent, respectively.

Meanwhile, Pioneers Properties for Urban Development(PREDCO), Aspire Capital Holding for Financial Investments, and El Orouba Securities Brokerage were top losers of the session by 14.07 percent, 13.06 percent, and 11.62 percent, respectively.