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EGX ends Tuesday on negative note, loses EGP 13.66B of market cap.

The EGX30 benchmark index fell by 0.98%, or 286.96 points, settling at 29,057.5 points.

Tue, Mar. 26, 2024

The Egyptian Exchange (EGX) concluded Tuesday's session on a negative note, witnessing a decline of approximately EGP 13.66 billion in market capitalization, driven by selling activities from Arab and foreign investors.
 
The EGX30 benchmark index fell by 0.98%, or 286.96 points, settling at 29,057.5 points.
 
The EGX 70 index, which tracks small and mid-cap stocks, experienced a decrease of 0.40%, or 27.17 points, closing at 6,697.35 points.
 
Similarly, the broader EGX 100 index recorded a decline of 0.59%, or 56.93 points, reaching 9,540.22 points.
 
The total market capitalization witnessed a loss of around EGP 13.66 billion, marking EGP 1.950 trillion compared to EGP 1.964 trillion in Monday's session.
 
Trading volume amounted to 654.07 million shares, traded across 102,371 transactions, with a turnover of EGP 3.38 billion.
 
Egyptian investors showed a net buying position of EGP 313.37 million, while Arab and foreign investors were net sellers at EGP 134.52 million and EGP 178.86 million, respectively.
 
Among the session's top gainers were GTEX for Commercial and Industrial, Egyptian Gulf Marseilia for Real Estate Investment, and Raya Holding for Financial Investments, registering gains of 20%, 12.70%, and 9.29%, respectively.
 
On the other hand, Delta for Printing & Packaging, Faisal Islamic Bank of Egypt - In EGP, and Development & Engineering Consultants were among the session's top losers, declining by 9.98%, 7.70%, and 6.63%, respectively.