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Sept. 18 | EGX plunges further into the red with EGP 17.71B market cap loss

Today’s trading reached 737.32 million shares through 61,392 transactions at a value of EGP 1.27 billion

By: Business Today Egypt

Sun, Sep. 18, 2022

The Egyptian Exchange (EGX) fell into the red zone, maintaining its negative streak since Wednesday’s trading.

Benchmark index EGX 30 was down by 3.13% to end the session at 9,763.19 points, followed by EGX 50 which dropped by 3.24% to 1,855.94 points.

EGX 70 plunged by 6.76% to 2,114.53 points, with EGX 100 diving 5.78% to close at 3,036.90 points.

Today’s trading reached 737.32 million shares through 61,392 transactions at a value of EGP 1.27 billion.

Market capitalization hit EGP 676.64 billion, losing EGP 17.71 billion compared to Thursday’s EGP 694.35 billion.

Trading on securities saw Arab and Egyptian investors as net sellers with EGP 20.05 million and EGP 10.31 million, respectively. Foreign investors were net buyers with EGP 30.36 million.

The top gains of the session were by Qatar National Bank Alahly which climbed by 7%, followed by Egyptian Iron & Steel by 4.92%, and Cairo for Investment and Real Estate Development by 1.57%.

The largest losses of the session were by Egyptians Housing Development & Reconstruction which fell by 18.17%, Arab Co. for Asset Management And Development by 17.25%, and El Obour Real Estate Investment by 16.23%.