EGX loses LE 2.99B to market cap. Sunday amid Arab, foreign selling

CAIRO –  28 August 2022: The Egyptian Exchange (EGX) ended Sunday’s session on a mixed note, losing around LE 2.99 billion of the market capitalization, amid Arab and foreign selling.

 

The benchmark EGX30 decreased 1.06 percent, or 109.12 points, to end at 10,178.15 points.

 

The equally weighted index EGX 50 stabilized at 1932 levels by losing 0.05 points, to end at 1,932.17 points.

 

On the other hand, the small and mid-cap index EGX 70 increased 0.62 percent, or 13.69 points, to close at 2,224.01 points, and the broader index EGX 100 climbed 0.36 percent, or 11.37 points, at 3,183.17 points.

 

Market capitalization lost around LE 2.99 billion, recording LE 689.77 billion, compared to LE 692.76 billion in Thursday’s session.

 

The trading volume reached 763.17 million shares, traded through 53,967 transactions, with a turnover of LE 1.19 billion.

 

Egyptian investors were net buyers at LE 39.69 million, while Arab and foreign investors were net sellers at LE 15.61 million, and LE 24.08 million, respectively.

 

Egyptian, and foreign individuals were net buyers at LE 47.51 million, and LE 643,810, respectively, while Arab individuals were net sellers at LE 6.76 million.

 

Egyptian, Arab and foreign organizations sold at LE 7.8 million, LE 8.85 million, and LE 24.73 million, respectively.

 

Belton Financial Holding, Arabian Cement Company, and Dice Sport & Casual Wear were top gainers of the session at 19.66 percent, 16.28 percent and 9.86 percent, respectively.

 

Meanwhile, Development & Engineering Consultants,Sabaa International Company for Pharmaceutical and Chemical, and General Silos & Storage were top losers of the session by 11.60 percent, 7.59 percent, and 6.96 percent, respectively.

 

On Thursday, the EGX ended the session in the green zone, as EGX30 rose 1.80 percent, EGX 50 hiked 2.05 percent, EGX 70 increased 2.17 percent, and the broader index EGX 100 climbed 2.24 percent.