EGX starts week in red, market cap. loses LE8.44B

CAIRO – 16 January 2022: The Egyptian Exchange (EGX) ended Sunday’s session in the red, losing around LE 8.44 billion of market capitalization, amid Egyptian and Arab selling.

The benchmark EGX30 declined 1.51 percent, or 181.37 points, to end at 11,830.94 points.

The equally weighted index EGX 50 dipped 1.53 percent, or 32.06 points, to end at 2,057.9 points.

The small and mid-cap index EGX 70 dropped 1.69 percent, or 37.71 points, to close at 2,196.5 points, and the broader index EGX100 fell 1.64 percent, or 53.63 points, to close at 3,223.79 points.

Market capitalization lost around LE 8.44 billion, recording LE 759.9 billion, compared to LE  768.35 billion in Thursday’s session.

The trading volume reached 189.79 million shares, traded through 27,302 transactions, with a turnover of LE 556.12 million.

Egyptian, and Arab investors were net sellers at LE 16.36 million, and LE 17.43 million, respectively, while foreign investors were net buyers at LE 33.79 million.

Egyptian and Arab individuals were net sellers at LE 13.57 million, and LE 9 million, respectively, while foreign individuals were net buyers at LE 945,310.

Egyptian and Arab organizations sold at LE 2.78 million, and LE 8.43 million, respectively, while foreign organizations sold at LE 32.85 million.

Taaleem Management Services, Integrated Diagnostics Holdings plc, and Rubex International for Plastic and Acrylic Manufacturing were top gainers of the session at 4.01 percent, 3.71 percent and 2.86 percent, respectively.

Meanwhile, Tanmiya for Real Estate Investment, Arabian Cement Company, and Misr Hotels were top losers of the session by 8.62 percent, 6.18 percent, and 5.74 percent, respectively.