EGX ends Ramadan's 1st session in red, market cap. loses LE 8.74B

CAIRO – 13 April 2021: The Egyptian Exchange (EGX) ended first session in Ramadan in red, losing around LE 8.74 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dropped 1.38 percent, or 144.28 points, to end at 10,305.81 points.

The equally weighted index EGX 50 dipped 1.69 percent, or 34.32 points, to end at 1,994.94 points.

Moreover, the small and mid-cap index EGX 70 decreased 2.40 percent, or 47.27 points, to close at 1,922.54 points, and the broader index EGX 100 lessened 1.97 percent, or 57.29 points, to close at 2,854.06 points.

Market capitalization lost around LE 8.74 billion, recording LE 644.47 billion, compared to LE 653.21 billion in Monday’s session.

The trading volume reached 399.81 million shares, traded through 33,282 transactions, with a turnover of LE 995.99 million.

Foreign investors were net sellers at LE 136.01 million, while Egyptian and Arab investors were net buyers at LE 111.78 million, and LE 24.22 million, respectively.

Arab and foreign individuals were net buyers at LE 7.3 million, and LE 2.23, respectively, while Egyptian individuals were net sellers at LE 7.56 million.

Egyptian, and Arab organizations bought at LE 11.36 million, and LE 16.91 million, respectively, while foreign organizations sold at LE 138.25 million.

Alexandria Mineral Oils Company, Pyramisa Hotels, and Medical Packaging Company were top gainers of the session at 15.07 percent, 7.79 percent and 2.96 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Speed Medical, and Raya Holding for Financial Investments were top losers of the session by 9.27 percent, 8.99 percent, and 8.44 percent, respectively.