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EGX experiences mixed performance, market cap drops by EGP 10.17B

The EGX30 benchmark fell by 0.73%, or 215.63 points, closing at 29,400.84 points.

Tue, Apr. 16, 2024

The Egyptian Exchange (EGX) concluded Tuesday's trading with a mixed performance, witnessing a decrease of approximately EGP 10.17 billion in market capitalization due to selling activities by Arab and foreign investors.
 
The EGX30 benchmark fell by 0.73%, or 215.63 points, closing at 29,400.84 points.
 
Conversely, the EGX 70 index, representing small and mid-cap stocks, rose by 0.86%, or 57.87 points, settling at 6,754.02 points.
 
Similarly, the broader EGX 100 index saw an increase of 0.51%, or 48.43 points, reaching 9,632.94 points.
 
The total market capitalization decreased by approximately EGP 10.17 billion, reaching EGP 1.984 trillion compared to EGP 1.994 trillion recorded in the previous session on Monday.
 
Trading volume amounted to 1.43 billion shares, exchanged through 140,403 transactions, with a turnover of EGP 1.43 billion.
 
Egyptian investors showed net buying activity amounting to EGP 276.02 million, while Arab and foreign investors showed net selling activities totaling EGP 101.79 million and EGP 174.22 million, respectively.
 
The top gainers of the session included National Housing for Professional Syndicates, El Kahera Housing, and Asek Company for Mining - Ascom, with gains of 19.99%, 10.61%, and 10.05%, respectively.
 
Meanwhile, North Cairo Mills, Egyptian Gulf Marseilia for Real Estate Investment, and Arabian Cement Company were among the top losers of the session, experiencing declines of 5.73%, 4.66%, and 4.46%, respectively.