Market capitalization lost around LE 8.74 billion, recording LE 644.47 billion, compared to LE 653.21 billion in Monday’s session
The Egyptian Exchange kicks off the holy month of Ramadan in the red, losing around LE 8.74 billion of market capitalization, amid foreign selling.
EGX 30 dropped 1.38 percent, or 144.28 points, to end at 10,305.81 points, while EGX 50 dived 1.69 percent, or 34.32 points, to end at 1,994.94 points.
EGX 70 plummeted 2.40 percent, or 47.27 points, to close at 1,922.54 points, with EGX 100 declining 1.97 percent, or 57.29 points, to close at 2,854.06 points.
Market capitalization lost around LE 8.74 billion, recording LE 644.47 billion, compared to LE 653.21 billion in Monday’s session.
Trading volume reached 399.81 million shares, traded through 33,282 transactions, with a turnover of LE 995.99 million.
Net sellers were foreign investors at a whopping LE 136.01 million, with Egyptian individuals selling at LE 7.56 million.
Net buyers were Egyptian and Arab investors were net buyers at LE 111.78 million, and LE 24.22 million, respectively. Arab and foreign individuals also bought at LE 7.3 million, and LE 2.23, respectively.
Egyptian, and Arab organizations bought at LE 11.36 million, and LE 16.91 million, respectively, while foreign organizations sold at LE 138.25 million.
Alexandria Mineral Oils Company, Pyramisa Hotels, and Medical Packaging Company were top gainers of the session at 15.07 percent, 7.79 percent and 2.96 percent, respectively.
Meanwhile, El Obour Real Estate Investment, Speed Medical, and Raya Holding for Financial Investments were top losers of the session by 9.27 percent, 8.99 percent, and 8.44 percent, respectively.