EGX ends Tuesday in red despite adding LE 9.99B to market cap.

CAIRO – 19 October 2021: The Egyptian Exchange (EGX) ended Tuesday in red, despite adding around LE 9.99 billion to market capitalization, amid Arab and foreign purchases.

The benchmark EGX30 dropped 0.72 percent, or 81.12 points, to end at 11,195.05 points.

The equally weighted index EGX 50 decreased 3.88 percent, or 90.22 points, to end at 2,236.71 points.

The small and mid-cap index EGX 70 declined 6.70 percent, or 178.26 points, to close at 2,481.02 points, and the broader index EGX lessened 4.99 percent, or 181.86 points, to close at 3,459.22 points.

Market capitalization gained around LE 9.99 billion, recording LE 733.59 billion, compared to LE 723.59 billion in Monday’s session.

The trading volume reached 464.57 million shares, traded through 48,945 transactions, with a turnover of LE 1.24 billion.

Egyptian investors were net sellers at LE 45.85 billion, while Arab and foreign investors were net buyers at LE 34.92 billion, and LE 10.93 billion, respectively.

Egyptian and Arab individuals were net sellers at LE 170.55 million, and LE 4.95 million, respectively, while foreign were net buyers at LE 246,475.

Egyptian, Arab and foreign organizations bought at LE 124.69 billion, LE 39.87 million, and LE 10.68 million, respectively.

October Pharma, Egypt Aluminum, and Middle & West Delta Flour Mills were top gainers of the session at 4.55 percent, 4.41 percent and 4.16 percent, respectively.

Meanwhile, Northern Upper Egypt Development & Agricultural Production, Gulf Canadian Real Estate Investment Co., and National Real Estate Bank for Development were top losers of the session by 20 percent, 20 percent, and 19.99 percent, respectively.