The Egyptian Exchange (EGX) concluded Wednesday's trading session in negative territory, experiencing a decline of approximately EGP 48.97 billion in market capitalization due to local selling pressure.
The EGX30 benchmark index witnessed a decline of 2.87%, or 833.13 points, settling at 28,224.37 points by the session's close.
Similarly, the EGX 70 index, which tracks small and mid-cap stocks, fell by 2.71%, or 181.2 points, ending the day at 6,516.15 points.
The broader EGX 100 index also registered a downturn, dropping by 2.93%, or 279.38 points, to reach 9,260.84 points.
Market capitalization saw a loss of around EGP 48.97 billion, totaling EGP 1.901 trillion, compared to EGP 1.950 trillion in the preceding Tuesday's session.
Total trading volume amounted to 679.12 million shares, traded across 97,014 transactions, generating a turnover of EGP 3.02 billion.
Foreign investors were net buyers at EGP 277.62 million, while Egyptian and Arab investors were net sellers at EGP 277.52 million and EGP 96,390, respectively.
GTEX for Commercial and Industrial, Misr Beni Suef Cement, and Rowad Tourism (Al Rowad) emerged as the top gainers of the session, posting gains of 19.05%, 8.86%, and 4.99%, respectively.
Conversely, E-finance for Digital and Financial Investments, MM Group For Industry And International Trade, and Tanmiya for Real Estate Investment were the session's top losers, recording declines of 11.57%, 10.82%, and 9.61%, respectively.
