Nov 28 | EGX falls into red zone with collective decline

Market capitalization was recorded at EGP 852.88 billion, losing EGP 3.02 billion compared to Sunday’s EGP 855.9 billion

By: Business Today Egypt

Mon, Nov. 28, 2022

The Egyptian Exchange (EGX) saw a collective decline today, with a recorded loss of EGP 3.02 billion in market cap.

Benchmark index EGX 30 was down by 0.71% to close at 12,917.22 points, with EGX 50 falling by 0.39% to end at 2,242.82 points.

EGX 70 dropped by 0.04%, to close by the end of the session at 2549.85 points, followed by EGX 100 with a decline of 0.25% to 3,686.32 points.

Today’s trading saw 703.03 million shares exchanged over 73,427 transactions with a turnover of EGP 1.94 billion.

Market capitalization was recorded at EGP 852.88 billion, losing EGP 3.02 billion compared to Sunday’s EGP 855.9 billion.

Trading on securities saw foreign and Arab investors as net sellers with EGP 145.39 million and EGP 46.73 million, respectively. Egyptian investors bought at EGP 192.12 million.

The top gains of the session were by Glaxo Smith Kline which climbed by 17.86%, International Agricultural Products by 13.92%, and Gadwa For Industrial Development by 9.08%.

The largest losses of the session were by Misr Duty Free Shops which saw a decline of 12.55%, Egyptian Real Estate Group by 4.97%, and Rowad Tourism (Al Rowad) by 4.96%.