EGX ends week with turnover of LE3.27B, market cap. gains LE8.5B

CAIRO – 20 October 2021: The Egyptian Exchange (EGX) ended last session of the week in red, despite adding around LE 8.5 billion to market capitalization, amid Arab and foreign selling.

Thursday, October 21 will be off as official holiday on the occasion of the Prophet’s birthday, and that work will be resumed Sunday morning, October 24.

The benchmark EGX30 dropped 0.56 percent, or 62.98 points, to end at 11,132.07 points.

The equally weighted index EGX 50 decreased 2.21 percent, or 49.52 points, to end at 2,187.19 points.

The small and mid-cap index EGX 70 declined 2.72 percent, or 67.46 points, to close at 2,413.56 points, and the broader index EGX lessened 2 percent, or 69.06 points, to close at 3,390.16 points.

Market capitalization gained around LE 8.5 billion, recording LE 742.11 billion, compared to LE 733.59 billion in Tuesday’s session.

The trading volume reached 593.26 million shares, traded through 65,713 transactions, with a turnover of LE 3.27 billion.

Egyptian investors were net buyers at LE 799.12 billion, while Arab and foreign investors were net sellers at LE 249.8 billion, and LE 549.31 billion, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 630.75 million, LE 3.66 million, and LE 9.69 million, respectively.

Arab and foreign organizations sold at LE 219.14 billion, and LE 539.62 million, respectively, while Egyptian organizations bought at LE 1.43 billion.

E-finance For Digital and Financial Investments, Egyptian Real Estate Group, and General Silos & Storage were top gainers of the session at 50.21 percent, 14.68 percent and 12.74 percent, respectively.

Meanwhile, Emerald Real Estate Investment, National Real Estate Bank for Development, and Ismailia Development and Real Estate Co were top losers of the session by 20 percent, 19.99 percent, and 19.99 percent, respectively.