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June 20 | EGX stays in the red lane as market cap loses EGP 2.79B

Today’s market capitalization closed at a value of EGP 646.77 billion, down by EGP 2.79 billion compared to yesterday’s EGP 649.56 billion

By: Business Today Egypt

Mon, Jun. 20, 2022

The Egyptian Exchange (EGX) is on day 3 of its red-streak with all indices in decline, with a market capitalization loss of EGP 2.79 billion.

Benchmark index EGX 30 dropped by 0.49% to close at 9,680.18 points, with EGX 50 following with a decline of 0.50% to 1,723.60 points.

EGX 70 saw the largest fall of the session with 0.82% to close at 1,805.64 points, while EGX 100 declined by 0.74 to 2,674.01 points.

The EGX’s trading value amounted to EGP 615.37 million after 296.34 million shares were traded.

Today’s market capitalization closed at a value of EGP 646.77 billion, down by EGP 2.79 billion compared to yesterday’s EGP 649.56 billion.

Egyptian and Arab investors were net buyers with EGP 162.36 million and EGP 31.02 million, respectively, while foreign traders were net sellers with EGP 193.39 million. 

The companies with the highest gains of the session were Medinet Nasr Housing which climbed by 6.22%, Al Khair River For Development Agricultural Investment & Envir by 5.51%, and Gulf Canadian Real Estate Investment Co. by 4.94%.

The biggest losses of the session were by Rights Issue of Dice Sport and Casual wear-1 which declined by 17.95%, Samad Misr - EGYFERT by 15.81%, and Obour Land For Food Industries by 4.86%.