CAIRO – 12 March 2023: The Egyptian Exchange (EGX) ended Sunday’s session in a collective regression, losing around EGP 29.02 billion of the market capitalization, amid Arab and foreign organization selling.
The benchmark EGX30 inclined 3.14 percent, or 517.42 points, to end at 15,936.89 points.
The equally weighted index EGX 50 declined 3.35 percent, or 96.03 points, to end at 2,772.29 points.
The small and mid-cap index EGX 70 dipped 3.10 percent, or 94.88 points, to close at 2,965.67 points, and the broader index EGX 100 decreased 3.25 percent, or 145.9 points, at 4,347.69 points.
Market capitalization lost around EGP 29.02 billion, recording EGP 1.037 trillion, compared to EGP 1.066 trillion in Thursday’s session.
The trading volume reached 412.16 million shares, traded through 63,277 transactions, with a turnover of EGP 1.83 billion.
Egyptian investors were net buyers at EGP 14.16 million, while Arab and foreign investors were net sellers at EGP 6.24 million, and EGP 7.92 million, respectively.
Egyptian and Arab individuals were net buyers at EGP 78.1 million, and EGP 13.5 million, respectively, while foreign individuals were net sellers at EGP 549,331.
Egyptian, Arab and foreign organizations sold at EGP 63.84 million, EGP 19.75 million, and EGP 7.36 million, respectively.
Samad Misr -EGYFERT, Egyptian Kuwaiti Holding, and Egyptian Iron & Steel were top gainers of the session at 4.11 percent, 3.13 percent and 2.32 percent, respectively.
Meanwhile, East Delta Flour Mills, Orascom Development Egypt, and E-finance for Digital and Financial Investments were top losers of the session by 9.08 percent, 8.82 percent, and 7.81 percent, respectively.