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Aug 9 | EGX falls into red zone with market cap loss of EGP 2.9B

The trading volume reached 595.86 million shares over 54,039 transactions, seeing a turnover of EGP 3.73 billion

By: Business Today Egypt

Tue, Aug. 9, 2022

After yesterday’s mixed performance, the Egyptian Exchange (EGX) fell into the red zone, losing EGP 2.9 billion of market capitalization.

Benchmark index EGX 30 was down by 0.78% to close at 9,968.88 points, with EGX 50 declining by 0.50% to 1,813.69 points.

EGX 70 fell by 0.64% to end the session at 1,998.15 points, while EGX 100 dropped by 0.69% to 2,917.63 points.

The trading volume reached 595.86 million shares over 54,039 transactions, seeing a turnover of EGP 3.73 billion.

Today’s session saw market capitalization reach EGP 665.39 billion, losing EGP 2.9 billion in comparison to yesterday’s recorded EGP 668.29 billion.

Trading on securities saw Egyptian and Arab investors as net buyers with EGP 328.17 million and EGP 20.68 million, respectively. Foreign investors were net sellers with EGP 348.86 million.

Egyptian and Arab individual investors were net buyers with EGP 45.84 million and EGP 14.96 million, respectively. Foreign individual traders were net sellers with EGP 4.89 million.

Egyptian and Arab organizations were net buyers with EGP 282.33 million and EGP 5.72 million, respectively. Foreign organizations were net sellers with EGP 343.96 million.

The top gains of the session were by El Obour Real Estate Investment which climbed by 19.98%, Wadi Kom Ombo Land Reclamation by 18.67%, and Belton Financial Holding by 13.1%.

The top losses of the session were by ODIN Investments which dropped by 7.18%, Aspire Capital Holding for Financial Investments by 5.06%, and Raya Contact Center by 4.89%.