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Jan 11 | EGX ends trading with 1 index in the red and a currency devaluation

Today’s trading saw 897.09 million shares exchanged with a turnover of EGP 4.37 billion

By: Business Today Egypt

Wed, Jan. 11, 2023

The Egyptian Exchange (EGX) closed trading with mixed performance today with a single index in the red. Today’s trading also saw another devaluation of the EGP against foreign currencies, dropping it to a record-low of 32.7.

Benchmark index EGX 30 rose by 0.42% to 15,528.10 points. EGX 50 and EGX 100 increased by 1.28% to 2,735.22 points and by 0.34% to 4,227.86 points, respectively.

EGX 70 inched downwards by 0.17% and closed the session at 2,809.17 points.

Today’s trading saw 897.09 million shares exchanged with a turnover of EGP 4.37 billion.

Market capitalization closed at EGP 1.01 trillion.

Trading on securities saw Egyptian and foreign investors as net sellers with EGP 106.37 million and EGP 1.45 million, respectively. Meanwhile, Arab traders were net buyers with EGP 107.83 million.

The top gains of the session were by Misr Hotels which climbed by 11.03%, Lecico Egypt by 8.64%, and Orascom Construction PLC by 8.23%.

The largest losses of the session were by Arabian Cement Company which fell by 8.56%, Raya Holding For Financial Investments by 6.6%, and Contact Financial Holding by 6.19%.