EGX ends Wednesday on mixed note, market cap. loses LE 394.9M

CAIRO – 18 August 2021: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, losing around LE 394.9 million of market capitalization, amid foreign selling.

The benchmark EGX30 declined 0.27 percent, or 29.73 points, to end at 10,907.96 points.

On the other hand, the equally weighted index EGX 50 inched up 0.01 percent, or 0.35 points, to end at 2,420.2 points.

The small and mid-cap index EGX 70 rose 0.43 percent, or 12.6 points, to close at 2,932.42 points, and the broader index EGX 100 hiked 0.19 percent, or 7.22 points, to close at 3,903.04 points.

Market capitalization lost around LE 394.9 million, recording LE 720.55 billion, compared to LE 720.94 billion in Tuesday’s session.

The trading volume reached 630.37 million shares, traded through 60,083 transactions, with a turnover of LE 3.56 billion.

Foreign investors were net sellers at LE 651.92 million, while Egyptian and Arab investors were net buyers at LE 466.77 million, and LE 185.14 million, respectively.

Egyptian and Arab individuals were net buyers at LE 256.08 million, and LE 3.35 million, respectively, while foreign individuals were net sellers at LE 3.35 million.

Egyptian and Arab organizations bought at LE 210.68 million, and LE 143.28 million, respectively, while foreign organizations sold at LE 648.56 million.

El Kahera El Watania Investment, El Shams Housing & Urbanization, and Alexandria National Company for Financial Investment were top gainers of the session at 9.98 percent, 9.88 percent and 9.53 percent, respectively.

Meanwhile, Gulf Canadian Real Estate Investment Co., Gharbia Islamic Housing Development, and International Co for Investment & Development were top losers of the session by 8.89 percent, 7.95 percent, and 7.08 percent, respectively.

EGX ended Tuesday on mixed note, as: EGX30 declined 0.98 percent, while EGX 50 increased 0.61 percent, EGX 70 inched up 1.20 percent, and EGX 100 hiked 0.83 percent,