EGX starts week in red, market cap. loses LE 6.8B

CAIRO – 3 October 2021: The Egyptian Exchange (EGX) started week in red, losing around LE 6.8 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 declined 1.43 percent, or 150.59 points, to end at 10,366.44 points.

The equally weighted index EGX 50 dipped 1.99 percent, or 45.99 points, to end at 2,267.24 points.

The small and mid-cap index EGX 70 fell 1.64 percent, or 44.68 points, to close at 2,677.93 points, and the broader index EGX 100 decreased 1.53 percent, or 56.04 points, to close at 3,615.61 points.

Market capitalization lost around LE 6.8 billion, recording LE 696.49 billion, compared to LE 703.3 billion in Thursday’s session.

The trading volume reached 342.75 million shares, traded through 36,163 transactions, with a turnover of LE 1.18 billion.

Egyptian investors were net buyers at LE 30.37 million, while Arab and foreign investors were net sellers at LE 22.39 million, and LE 7.97 million, respectively.
 

Egyptian, Arab and foreign individuals were net sellers at LE 73.67 million, LE 42.18 million, and LE 384,493, respectively.
 

Egyptian and Arab organizations bought at LE 104.04 million, and LE 19.78 million, respectively, while foreign organizations sold at LE 7.58 million.

Misr Beni Suef Cement, United Arab Shipping, and El Shams Housing & Urbanization were top gainers of the session at 9.21 percent, 7.03 percent and 5.45 percent, respectively.

Meanwhile, the Egyptian Company for Construction Development-Lift Slab, El Arabia Engineering Industries, and Ismailia Misr Pourtly were top losers of the session by 17.74 percent, 12.32 percent, and 8.73 percent, respectively.

EGX ended Thursday in green, as: EGX30 rose 1.21 percent, EGX 50 hiked 1.24 percent, EGX 70 jumped 0.84 percent, and EGX 100 increased 1.09 percent.