EGX loses LE 11.37B of market cap. amid red trading

CAIRO - 25 May 2021: The Egyptian Exchange (EGX) ended Tuesday's session in red, losing around LE 11.37 million of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 decreased 2.13 percent, or 229.12 points, to end at 10,531.83 points.

The equally weighted index EGX 50 lessened 2.21 percent, or 48.01 points, to end at 2,122.19 points.

The small and mid-cap index EGX 70 dipped 2.22 percent, or 49.09 points, to close at 2,166.69 points, and the broader index EGX 100 dropped 2.22 percent, or 70.06 points, to close at 3,090.37 points.

Market capitalization lost around LE 11.37 billion, recording LE 658.63 billion, compared to LE 670 billion in Monday’s session.

The trading volume reached 526.87 million shares, traded through 50,519 transactions, with a turnover of LE 1.23 billion.

Egyptian investors were net buyers at LE 136.95 million, while Arab and foreign investors were net sellers at LE 17.68 million, and LE 119.27 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 93.35 million, LE 18.25 million, and LE 4.12 million, respectively.

Arab and foreign organizations sold at LE 35.93 million, and LE 123.39 million, respectively, while Egyptian organizations bought at LE 43.6 million.

Rowad Tourism (Al Rowad), El Obour Real Estate Investment, and Belton Financial Holding, were top gainers of the session at 10.36 percent, 8.06 percent and 6.94 percent, respectively.

Meanwhile, Universal for Paper and Packaging Materials (Unipack), B Investments Holding, and Ismailia National Food Industries were top losers of the session by 9.58 percent, 9.43 percent, and 8.91 percent, respectively.