EGX ends Monday in red, market cap. loses LE 10.97B

CAIRO – 27 September 2021: The Egyptian Exchange (EGX) ended Monday’s session in red, losing around LE 10.97 billion of market capitalization, amid Egyptian and foreign selling.

The benchmark EGX30 declined 1.44 percent, or 153.76 points, to end at 10,496 points.

The equally weighted index EGX 50 dipped 2.04 percent, or 48.14 points, to end at 2,306.22 points.

The small and mid-cap index EGX 70 dropped 2.46 percent, or 68.72 points, to close at 2,723.54 points, and the broader index EGX 100 decreased 2.35 percent, or 88.02 points, to close at 3,660.4 points.

Market capitalization lost around LE 10.97 billion, recording LE 701.09 billion, compared to LE 712.07 billion in Sunday’s session.

The trading volume reached 484.9 million shares, traded through 49,642 transactions, with a turnover of LE 1.27 billion.

Arab investors were net buyers at LE 101.23 million, while Egyptian and foreign investors were net buyers at LE 47.97 million, and LE 53.26 million, respectively.

Egyptian, and Arab individuals were net buyers at LE 16.5 million, and LE 85.31 million, respectively, while foreign individuals were net sellers at LE 5.14 million.

Egyptian and foreign organizations sold at LE 64.47 million, and LE 48.12 million, respectively, while Arab organizations bought at LE 48.12 million.

Egyptians Housing Development & Reconstruction, Misr Beni Suef Cement, and El Obour Real Estate Investment were top gainers of the session at 14.64 percent, 6.14 percent and 4.85 percent, respectively.

Meanwhile, Ezz Steel, Mansourah Pourtly, and Sharm Dreams Co. for Tourism Investment were top losers of the session by 9.90 percent, 9.63 percent, and 8.31 percent, respectively.

EGX ended Sunday in green, as: EGX30 hiked 0.07 percent, EGX50 increased 0.64 percent, EGX 70 rose 1.03 percent, and EGX 100 jumped 0.70 percent.