EGX starts week in red, market cap. loses LE5.92B

CAIRO –  15 May 2022: The Egyptian Exchange (EGX) ended Sunday’s session in the red zone, losing around LE 5.92 billion of market capitalization, amid local and Arab selling.

 

 

The benchmark EGX30 declined 1.36 percent, or 144.76 points, to end at 10,534.22 points.

 

 

 

The equally weighted index EGX 50 decreased 1.09 percent, or 20.33 points, to end at 1,842.24 points. 

 

 

The small and mid-cap index EGX 70 dipped 0.42 percent, or 7.75 points, to close at 1,825.16 points, and the broader index EGX 100 declined 0.69 percent, or 19.35 points, to close at 2,766.74 points.

 

 

Market capitalization lost around LE 5.92 billion, recording LE 694.17 billion, compared to LE 700.09 billion in Thursday’s session.

 

 

 

The trading volume reached 308.44 million shares, traded through 32,849 transactions, with a turnover of LE 732.78 million.

 

 

Foreign investors were net buyers at LE 10.44 million, while Egyptian and Arab investors were net sellers at LE 8.07 million, and LE 2.36 million, respectively.

 

 

 

Arab and foreign individuals were net sellers at LE 31.22 million, and LE 1.07 million, respectively, while Egyptian individuals were net buyers at LE 93.42 million.

 

 

Arab and foreign organizations bought at LE 28.85 million,and LE 11.52 million, respectively, while Egyptian organizations sold at LE 101.49 million.

 

 

 

Arab Co. for Asset Management and Development, El Wadi for International and Investment Development, and Egyptian Transport (EGYTRANS) were top gainers of the session at 6.93 percent, 5.88 percent and 4.20 percent, respectively.

 

 

Meanwhile, El Kahera Housing, Engineering Industries (ICON), and El Arabia Engineering Industries were top losers of the session by 5.81 percent, 5.76 percent, and 5.25 percent, respectively.