EGX loses LE14B of market cap. during Ramadan's 2nd session amid foreign selling

CAIRO – 14 April 2021: The Egyptian Exchange (EGX) ended second session in Ramadan in red, losing around LE 14 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dropped 1.85 percent, or 190.3 points, to end at 10,115.51 points.

The equally weighted index EGX 50 dipped 4.20 percent, or 83.76 points, to end at 1,911.18 points.

Moreover, the small and mid-cap index EGX 70 decreased 4.64 percent, or 89.14 points, to close at 1,833.4 points, and the broader index EGX 100 lessened 4.23 percent, or 120.59 points, to close at 2,733.47 points.

Market capitalization lost around LE 14 billion, recording LE 630.46 billion, compared to LE 644.47 billion in Tuesday’s session.

The trading volume reached 975.26 million shares, traded through 34,516 transactions, with a turnover of LE 975.26 million.

Foreign investors were net sellers at LE 67.65 million, while Egyptian and Arab investors were net buyers at LE 13.01 million, and LE 54.64 million, respectively.

Arab and foreign individuals were net buyers at LE 5.78 million, and LE 2.3 million, respectively, while Egyptian individuals were net sellers at LE 20.86 million.

Egyptian, and Arab organizations bought at LE 33.87 million, and LE 48.85 million, respectively, while foreign organizations sold at LE 69.96 million.

Fawry for Banking Technology and Electronic Payment, the Arab Ceramic CO.- Ceramica Remas, and Egypt Aluminum were top gainers of the session at 5.26 percent, 4.45 percent and 3.25 percent, respectively.

Meanwhile, Glaxo Smith Kline, Emerald Real Estate Investment, and El Ahram Co. for Printing and Packing were top losers of the session by 9.62 percent, 9.48 percent, and 9.44 percent, respectively.

On Tuesday, EGX ended trading in red, as: EGX30 dropped 1.38 percent, EGX 50 dipped 1.69 percent, EGX 70 decreased 2.40 percent, EGX 100 lessened 1.97 percent.