Market capitalization lost around EGP 8.09 billion, recording EGP 649.56 billion, compared to EGP 657.65 billion in Thursday’s session
The Egyptian Exchange (EGX) kicks off the week by maintaining its red streak, losing around EGP 8.09 billion of market capitalization.
Benchmark index EGX 30 fell 1.4% to close the day’s session at 9,728.19 points, followed by EGX 50 with a dip of 1.26%, or 22.14 points, to end at 1,732.18 points.
EGX 70 had the largest fall of the session, declining by 1.82% to close at 1,820.49 points, while EGX 100 inched down 1.63%, or 44.68 points to close at 2,693.9 points.
Market capitalization lost around EGP 8.09 billion, recording EGP 649.56 billion, compared to EGP 657.65 billion in Thursday’s session.
The trading volume reached 338.08 million shares, traded through 26,502 transactions, with a turnover of EGP 431.44 million.
Foreign investors were net sellers at EGP 54.01 million, while Egyptian and Arab investors were net buyers at EGP 47.07 million, and EGP 6.93 million, respectively.
Egyptian and foreign individuals were net sellers at EGP 6.27 million, EGP 101,102, respectively, while Arab individuals were net buyers at EGP 5.9 million.
Egyptian and Arab organizations bought at EGP 53.35 million, and EGP 111.02 million, respectively, while foreign organizations sold at EGP 53.91 million.
The top gainers of the session were Gulf Canadian Real Estate Investment Co., Belton Financial Holding, and Abu Dhabi Islamic Bank- Egypt which climbed by 4.97%, 3.50% and 3.50%, respectively.
Biggest losses of the day were by Arab Pharmaceuticals, Al Khair River For Development Agricultural Investment & Envir, and Natural Gas & Mining Project (Egypt Gas) by 20%, 15.26%, and 7.29%, respectively.
