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Wednesday trading closes trading on a mixed note, loses EGP 2.6B in market cap.

Wednesday trading saw 688.61 million shares exchanged with a turnover of EGP 4.01 billion

By: Business Today Egypt

Wed, May. 22, 2024

The Egyptian Exchange (EGX) slightly recovered from dipping into the red yesterday, with EGX 30 rising to close Wednesday trading on a varied note.

Benchmark index EGX 30 inched its way upward by 0.01% to end the session at 27,227.44 points.

EGX 70 dropped by 0.35% to 5,891.86 points, followed by EGX 100 which declined by 0.16% to close trading at 8,536.77 points.

Wednesday trading saw 688.61 million shares exchanged with a turnover of EGP 4.01 billion.

Market capitalization was reported at EGP 1.839 trillion, compared to yesterday’s EGP 1.841,6 trillion.

Trading on securities saw Egyptian and Arab traders as net buyers with EGP 26.63 million and EGP 526.93 million, respectively. Foreign investors were net sellers with EGP 553.56 million.

The top gains of the session were by Misr Hotels which climbed by 13.64%, Emaar Misr for Development by 7.41%, and Gadwa for Industrial Development by 7.33%.

The largest losses of the session were by Electro Cable Egypt which dropped by 5.21%, Rowad Tourism (Al Rowad) by 4.76%, and Cairo Educational Services by 4.13%.