EGX ends mid-week session in red, market cap. loses LE5.82B

CAIRO –  10 May 2022: The Egyptian Exchange (EGX) ended Tuesday’s session in the red zone, losing around LE 5.82 billion of market capitalization, amid Arab and foreign selling.

 

 

 

The benchmark EGX30 declined 0.87 percent, or 95.27 points, to end at 10,811.45 points.

 

 

 

The equally weighted index EGX 50 dipped 1.08 percent, or 20.56 points, to end at 1,877.18 points. 

 

 

The small and mid-cap index EGX 70 dropped 0.74 percent, or 13.86 points, to close at 1,847.2 points, and the broader index EGX 100 decreased 0.87 percent, or 24.64 points, to close at 2,808.35 points.

 

 

Market capitalization lost around LE 5.82 billion, recording LE 706.1 billion, compared to LE 711.91 billion in Monday’s session.

 

 

 

The trading volume reached 259.77 million shares, traded through 31,473 transactions, with a turnover of LE 636.77 million.

 

 

Egyptian investors were net buyers at LE 31.07 million, while Arab and foreign investors were net sellers at LE 14.75 million, and LE 16.3 million, respectively.

 

 

 

Egyptian and foreign individuals were net buyers at LE 52.01 million, and LE  3.41 million, respectively, while Arab individuals were net sellers at LE 10.88 million.

 

 

Egyptian, Arab and foreign organizations sold at LE 20.94 million, LE 3.86 million,and LE 19.73 million, respectively.

 

 

 

The Arab Dairy Products Co. Arab Dairy - Panda, Giza General Contracting, and Sharm Dreams Co. for Tourism Investment were top gainers of the session at 11.79 percent, 6.91 percent and 5.14 percent, respectively.

 

 

 

Meanwhile, Zahraa Maadi Investment & Development, Rowad Tourism (Al Rowad), and Egyptian Real Estate Group were top losers of the session by 4.98 percent, 4.84 percent, and 4.81 percent, respectively.