EGX ends week in red, market cap. loses LE5.9B

CAIRO – 9 September 2021: The Egyptian Exchange (EGX) ended Thursday in red, losing around LE 5.9 billion of market capitalization, amid Egyptian selling.

The benchmark EGX30 declined 0.71 percent, or 79.21 points, to end at 11,056.27 points.

The equally weighted index EGX 50 dropped 1.43 percent, or 34.29 points, to end at 2,366.02 points.

The small and mid-cap index EGX 70 dipped 1.63 percent, or 46.5 points, to close at 2,807.74 points, and the broader index EGX 100 lessened 1.35 percent, or 51.85 points, to close at 3,795.37 points.

Market capitalization lost around LE 5.92 billion, recording LE 721.15 billion, compared to LE 727.07 billion in Wednesday’s session.

The trading volume reached 343.66 million shares, traded through 41,928 transactions, with a turnover of LE 1.19 billion.

Egyptian investors were net sellers at LE 44.9 million, while Arab and foreign investors were net buyers at LE 24.6 million, and LE 20.28 million, respectively.

Arab and foreign individuals were net buyers at LE 8.19 million, and LE 2.02 million, respectively, while Egyptian organizations were net sellers at LE 64.02 million.

Egyptian, Arab and foreign organizations bought at LE 19.11 million, LE 16.42 million, and LE 18.27 million, respectively.

Modern Shorouk Printing & Packaging, Misr Beni Suef Cement, and Misr Cement (Qena) were top gainers of the session at 8.88 percent, 7.19 percent and 6.93 percent, respectively.

Meanwhile, El Shams Housing & Urbanization, Arab Valves Company, and Gulf Canadian Real Estate Investment Co. were top losers of the session by 19.99 percent, 17.36 percent,  and 17.31 percent, respectively.