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May 31 | EGX closes May in the red, market cap records EGP 1.13 trillion

Trading on securities saw Egyptian investors as net buyers with EGP 161.66 million. Foreign and Arab traders were net sellers with EGP 105.53 million and EGP 56.13 million, respectively

By: Business Today Egypt

Wed, May. 31, 2023

The Egyptian Exchange made its way into the red zone after yesterday’s surge into the green to close the month on a negative note.

Benchmark index EGX 30 declined by 0.22% to end trading at 17,495.77 points, followed by EGX 50 which inched down by 0.06% to 3,207.14 points.

EGX 70 was down by 0.43% to 3,249.99 points, while EGX 100 dropped by 0.49% to 4,875.07 points.

Today’s trading saw 998.49 million shares exchanged with a turnover of EGP 3.42 billion.

Market capitalization was recorded at EGP 1.137 trillion.

Trading on securities saw Egyptian investors as net buyers with EGP 161.66 million. Foreign and Arab traders were net sellers with EGP 105.53 million and EGP 56.13 million, respectively.

The top gains of the session were by Misr Duty-Free Shops which climbed by 19.91%, Misr Hotels by 16.88%, and Cairo Poultry by 16.2%.

The largest losses of today’s session were Cairo Oils & Soap which fell by 6.77%, Orascom Construction PLC by 6.73%, and Nozha International Hospital by 6.53%.