EGX ends mid-week session in red, market cap. loses LE9.9B

CAIRO – 16 November 2021: The Egyptian Exchange (EGX) traded in the red zone during Tuesday’s session, losing around LE 9.9 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dropped 0.73 percent, or 83.42 points, to end at 11,413.21 points.

The equally weighted index EGX 50 dipped 3.53 percent, or 70.8 points, to end at 1,933.56 points.

The small and mid-cap index EGX 70 decreased 4.63 percent, or 98.64 points, to close at 2,031.64 points, and the broader index EGX100 descended 3.73 percent, or 115.72 points, to close at 2,990.32 points.
 

Market capitalization lost around LE 9.93 billion, recording LE 719.84 billion, compared to LE 709.91 billion in Monday’s session.

The trading volume reached 285.62 million shares, traded through 38,218 transactions, with a turnover of LE 938.56 million.

Foreign investors were net sellers at LE 120.03 million, while Egyptian and Arab investors were net buyers at LE 100.78 million, and LE 19.25 million, respectively.

Arab and foreign individuals were net buyers at LE 12.07 million, and LE 3.95 million, respectively, while Egyptian individuals were net sellers at LE 6.08 million.

Egyptian and Arab organizations bought at LE 106.85 million, and LE 7.17 million, respectively, while foreign organizations sold at LE 123.98 million.

East Delta Flour Mills, El Orouba Securities Brokerage, and Middle & West Delta Flour Mills were top gainers of the session at 19.95 percent, 19.95 percent and 8.68 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Rowad Tourism (Al Rowad), and Zahraa Maadi Investment & Development were top losers of the session by 20 percent, 20 percent, and 19.99 percent, respectively.