FILE- Employees in the EGX following performance of the trading session
CAIRO – 11 April 2022: The Egyptian Exchange (EGX) ended Monday in the red zone for the fifth session in a row, losing around LE 14.63 billion of market capitalization, amid foreign selling.
The benchmark EGX30 dropped 1.55 percent, or 168.95 points, to end at 10,728.66 points.
The equally weighted index EGX 50 declined 2.11 percent, or 39.92 points, to end at 1,849.93 points.
The small and mid-cap index EGX 70 decreased 2.33 percent, or 43.2 points, to close at 1,810.55 points, and the broader index EGX 100 dipped 2.19 percent, or 61.73 points, to close at 2,755.15 points.
Market capitalization lost around LE 14.63 billion, recording LE 696.32 billion, compared to LE 710.95 billion in Sunday’s session.
The trading volume reached 173.82 million shares, traded through 28,507 transactions, with a turnover of LE 838.95 million.
Foreign investors were net sellers at LE 197.89 million, while Egyptian and Arab investors were net buyers at LE 89.64 million, and LE 108.25 million, respectively.
Egyptian and foreign individuals were net sellers at LE 26.28 million, and LE 2.47 million, respectively, while Arab individuals were net buyers at LE 57.73 million.
Egyptian and Arab organizations bought at LE 115.93 million, and LE 50.52 million, respectively, while foreign organizations sold at LE 195.43 million.
Grand Investment Capital, Nozha International Hospital, and Nasr Company for Civil Works were top gainers of the session at 12.89 percent, 4.20 percent and 3.80 percent, respectively.
Meanwhile, Alexandria Containers and goods, Wadi Kom Ombo Land Reclamation, and International Co for Investment & Development were top losers of the session by 19.94 percent, 19.80 percent, and 14.73 percent, respectively.
On Sunday, EGX ended trading in the red zone, as EGX30 dropped 1.84 percent, EGX 50 declined 1.76 percent, EGX 70 decreased 2.49 percent, and EGX 100 dipped 2.27 percent.