EGX ends Sunday in red, market cap. loses LE8.72B

CAIRO – 19 September 2021: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing around LE 8.72 billion of market capitalization, amid Egyptian selling.

The benchmark EGX30 declined 0.97 percent, or 107.11 points, to end at 10,889.65 points.

The equally weighted index EGX 50 dropped 2.86 percent, or 69.67 points, to end at 2,364.67 points.

The small and mid-cap index EGX 70 dipped 3.59 percent, or 103.04 points, to close at 2,763.72 points, and the broader index EGX 100 lessened 2.92 percent, or 112.7 points, to close at 3,753.47 points.

Market capitalization lost around LE 8.72 billion, recording LE 717.6 billion, compared to LE 726.32 billion in Thursday’s session.

The trading volume reached 337.04 million shares, traded through 48,929 transactions, with a turnover of LE 1.2 billion.

Egyptian investors were net sellers at LE 51.24 million, while Arab and foreign investors were net buyers at LE 1.06 million, and LE 50.18 million, respectively.

Egyptian and Arab individuals were net buyers at LE 16.83 million, and LE 7.87 million, respectively, while foreign organizations were net sellers at LE 2.05 million.

Egyptian, and Arab organizations sold at LE 68.07 million, and LE 6.81 million, respectively, while foreign organizations bought at LE 52.24 million.

El Obour Real Estate Investment, Egyptian Iron & Steel, and Abou Kir Fertilizers were top gainers of the session at 5.21 percent, 4.86 percent and 3.98 percent, respectively.

MeanwhileAJWA for Food Industries company Egypt, The Arab Ceramic CO.- Ceramica Remas, and United Arab Shipping were top losers of the session by 9.48 percent, 8.75 percent,  and 8.72 percent, respectively.