EGX ends mid-week session on mixed note, market cap. loses LE 3.3B

CAIRO – 7 December 2021: The Egyptian Exchange (EGX) ended Tuesday’s session in a semi-collective regression, losing around LE 3.3 billion of market capitalization, amid foreign selling.

The benchmark EGX30 rose 0.20 percent, or 23.39 points, to end at 11,538.26 points.

On the other hand, the equally weighted index EGX 50 dipped 2.19 percent, or 45.53 points, to end at 2,032.62 points.

The small and mid-cap index EGX 70 dropped 2.82 percent, or 61.9 points, to close at 2,135.28 points, and the broader index EGX100 decreased 2.29 percent, or 73.39 points, to close at 3,136.88 points.

Market capitalization lost around LE 3.32 billion, recording LE 728.96 billion, compared to LE 732.28 billion in Monday’s session.

The trading volume reached 622.48 million shares, traded through 55,297 transactions, with a turnover of LE 1.77 billion.

Foreign investors were net sellers at LE 30.9 million, while Egyptian and Arab investors were net buyers at LE 3.61 million, and LE 27.29  million, respectively.

Egyptian and Arab individuals were net buyers at LE 48.03 million, and LE 13.16 million, respectively, while foreign individuals were net sellers at LE 6.32 million.

Egyptian and foreign organizations bought at LE 44.41 million, and LE 24.58 million, respectively, while Arab organizations sold at LE 14.12 million.

GB AUTO, Abu Dhabi Islamic Bank- Egypt, and Minapharm Pharmaceuticals were top gainers of the session at 6.88 percent, 6.46 percent and 6.23 percent, respectively.

Meanwhile, Egyptians For Investment & Urban Development, Speed Medical, and Middle Egypt Flour Mills, were top losers of the session by 19.94 percent, 15.78 percent, and 13.33 percent, respectively.