The Egyptian Exchange (EGX) ended Sunday’s trading session on a broad decline, with all major indices closing in negative territory amid selling pressures from Egyptian, Arab, and foreign investors.
The benchmark EGX30 dropped 0.93% to 52,164 points, erasing around EGP26 billion from market capitalization, which fell to EGP3.754 trillion compared to EGP3.780 trillion in the previous session.
The Sharia index declined 1.65% to 5,821 points, while the EGX35-LV fell 0.95% to 6,029 points. The EGX100 slipped 0.68% to 21,213 points, and the EGX70 decreased 0.65% to 15,349 points, reflecting broad-based weakness across the market.
Total market turnover reached EGP9.248 billion, with 3.922 billion shares traded through 213,000 transactions.
Foreign and Egyptian investors recorded net selling of EGP143 million and EGP43.6 million respectively, while Arab investors posted net sales of EGP186.779 million.
On the gainers’ side, Lotus For Agricultural Investments and Development led the market with a 13.08% rise to EGP0.65, followed by Tycoon Holding Company for Financial Investments, which climbed 11.74% to EGP15.7, and Export Development Bank of Egypt, which gained 6.97% to EGP19.7.
On the losers’ side, Egyptian for Tourism Resorts rights issue fell 11.28% to EGP17.61, followed by Aspire Capital Holding for Financial Investments, which declined 6.81% to EGP0.356. Moreover, El Shams Housing & Urbanization dropped 5.75% to EGP11.32.
