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June 23 | EGX closes week on a sour note with collective decline

The trading volume reached 237.77 million shares, traded through 22,520 transactions, with a turnover of EGP 385.77 million

By: Hanan Mohamed

Thu, Jun. 23, 2022

The Egyptian Exchange (EGX) ended the last session of the week in the red zone, losing around EGP 7.05 billion of market capitalization, amid foreign selling.

The benchmark EGX30 slipped 1.80%, or 173.05 points, to end at 9,439.85 points.

The equally weighted index EGX 50 decreased 1.06%, or 18.09 points, to end at 1,695.45 points.

The small and mid-cap index EGX 70 declined 1.21%, or 21.7 points, to close at 1,778.8 points, and the broader index EGX 100 dropped 1.21%, or 32.09 points, to close at 2,629.46 points.

Market capitalization lost around EGP 7.05 billion, recording EGP 635.32 billion, compared to EGP 642.37 billion in Wednesday’s session.

The trading volume reached 237.77 million shares, traded through 22,520 transactions, with a turnover of EGP 385.77 million.

Foreign investors were net sellers at EGP 82.49 million, while Egyptian and Arab investors were net buyers at EGP 76.39 million, and EGP 6.1 million, respectively.

Arab, and foreign individuals were net sellers at EGP 1.09 million, and EGP 659,596, respectively, while Egyptian individuals were net buyers at EGP 13.47 million.

Egyptian and Arab organizations bought at EGP 62.93 million, and EGP 7.19 million, respectively, while foreign organizations sold at EGP 81.84 million.

Egyptian Chemical Industries (Kima), Abu Dhabi Islamic Bank- Egypt, and Misr Chemical Industries were top gainers of the session at 2.79%, 2.59% and 1.94%, respectively.

Meanwhile, Delta Construction & Rebuilding, Alexandria Spinning & Weaving (SPINALEX), and Universal For Paper and Packaging Materials (Unipack) were top losers of the session by 8.27%, 7.01%, and 5.26%, respectively.