EGX ends Monday on mixed note, market cap. loses LE 527.08M

CAIRO – 17 May 2021: The Egyptian Exchange (EGX) ended Monday on mixed note, losing around LE 527.08 million of market capitalization, amid foreign selling.

The benchmark EGX30 dipped 0.87 percent, or 93.17 points, to end at 10,674.67 points.

On the other hand, the equally weighted index EGX 50 hiked 1.03 percent, or 21.72 points, to end at 2,130.54 points.

The small and mid-cap index EGX 70 climbed 1.07 percent, or 21.72 points, to close at 2,185.13 points, and the broader index EGX 100 jumped 0.86 percent, or 26.58 points, to close at 3,123.35 points.

Market capitalization lost around LE 527.08 million, recording LE 671.62 billion, compared to LE 672.15 billion in Tuesday’s session.

The trading volume reached 566.13 million shares, traded through 54,063 transactions, with a turnover of LE 1.59 billion.

Foreign investors were net sellers at LE 80.77 million, while Egyptian and Arab investors were net buyers at LE 44 million, and LE 36.77 million, respectively.

Egyptian and Arab individuals were net buyers at LE 77.09 million, and LE 54.44 million, respectively, while foreign individuals were net sellers at LE 2.67 million.

Egyptian, Arab and foreign organizations sold at LE 33.08 million, LE 17.67 million, and LE 78.1 million, respectively.

Giza General Contracting, AJWA for Food Industries Company Egypt, and Middle & West Delta Flour Mills were top gainers of the session at 12.54 percent, 10.18 percent and 9.79 percent, respectively.

Meanwhile, Acrow Misr, Sabaa International Company for Pharmaceutical and Chemical, and El Arabia for Land Reclamation were top losers of the session by 8.02 percent, 6.14 percent, and 5.49 percent, respectively.

Egypt’s banks and bourse were off from Wednesday, May 12, till Sunday, May 16. These holidays come in celebration of Eid Al-Fitr.