Market capitalization lost around LE 14 billion, recording LE 630.46 billion, compared to LE 644.47 billion in Tuesday’s session
The Egyptian Exchange (EGX) ends Ramadan’s second session in the red zone for the second day in a row, losing around LE 14 billion of market capitalization.
EGX 30 dropped 1.85 percent, or 190.3 points, to end at 10,115.51 points, while EGX 50 had a freefall of 4.20 percent, or 83.76 points, to end at 1,911.18 points.
EGX 70 decreased 4.64 percent, or 89.14 points, to close at 1,833.4 points, with EGX 100 dropping 4.23 percent, or 120.59 points, to close at 2,733.47 points.
Market capitalization lost around LE 14 billion, recording LE 630.46 billion, compared to LE 644.47 billion in Tuesday’s session.
The trading volume reached 975.26 million shares, traded through 34,516 transactions, with a turnover of LE 975.26 million.
Net buyers were Arab investors by LE 54.64 million, Egyptian investors by LE 13.01 million, Arab and foreign individuals at LE 5.78 million, and LE 2.3 million, respectively.
Net sellers were foreign investors at LE 67.65 million, and Egyptian individuals at LE 20.86 million.
Egyptian, and Arab organizations bought at LE 33.87 million, and LE 48.85 million, respectively, while foreign organizations sold at LE 69.96 million.
Fawry for Banking Technology and Electronic Payment, the Arab Ceramic CO.- Ceramica Remas, and Egypt Aluminum were top gainers of the session at 5.26 percent, 4.45 percent and 3.25 percent, respectively.
Meanwhile, Glaxo Smith Kline, Emerald Real Estate Investment, and El Ahram Co. for Printing and Packing were top losers of the session by 9.62 percent, 9.48 percent, and 9.44 percent, respectively.
On Tuesday, EGX ended trading in red, as: EGX30 dropped 1.38 percent, EGX 50 dipped 1.69 percent, EGX 70 decreased 2.40 percent, EGX 100 lessened 1.97 percent.