CAIRO - 28 March 2024: The Egyptian Exchange (EGX) continued its downtrend during Thursday’s session in the red zone, losing around LE 41.94 billion of the market capitalization, amid local and foreign selling.
The benchmark EGX30 decreased 2.36 percent, or 665.02 points, to end at 27,559.35 points.
The small and mid-cap index EGX 70 dipped 1.80 percent, or 117.13 points, to close at 6,399.02 points.
The broader index EGX 100 dropped 1.96 percent, or 181.58 points, to 9,079.26 points.
Market capitalization lost around LE 41.94 billion, recording LE 1.859 trillion, compared to LE 1.901 trillion in Wednesday’s session.
The trading volume reached 523.05 million shares, traded through 80,948 transactions, with a turnover of LE 2.65 billion.
Arab investors were net sellers at LE 237.63 million, while Egyptian and foreign investors were net buyers at LE 167.12 million, and LE 70.5 million, respectively.
National Housing for Professional Syndicates, Osool ESB Securities Brokerage, and Ismailia Development and Real Estate Co were top gainers of the session at 19.99 percent, 13.33 percent, and 4.96 percent, respectively.
Meanwhile, Concrete Fashion Group for Commercial & Industrial Investment, Qatar National Bank Alahly, and Orascom Development Egypt were top losers of the session by 10 percent, 7.43 percent, and 6.53 percent, respectively.
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