EGX ends week in red, market cap. loses LE5.35B

CAIRO – 1 September 2022: The Egyptian Exchange (EGX) ended the week in the red zone, losing around LE 5.35 billion of the market capitalization, amid foreign selling.

 

The benchmark EGX30 decreased 0.62 percent, or 61.74 points, to end at 9,936.87 points.

 

The equally weighted index EGX 50 dipped 0.93 percent, or 17.76 points, to end at 1,885.79 points.

 

The small and mid-cap index EGX 70 declined 1.63 percent, or 35.8 points, to close at 2,165.39 points, and the broader index EGX 100 dropped 1.44 percent, or 45.38 points, at 3,107.69 points.

 

Market capitalization lost around LE 5.35 billion, recording LE 679.87 billion, compared to LE 685.23 billion in Wednesday’s session.

 

The trading volume reached 676.98 million shares, traded through 46,242 transactions, with a turnover of LE 1.05 billion.

 

Foreign investors were net sellers at LE 164.06 million, while Egyptian and Arab investors were net buyers at LE 149.46 million, and LE 14.6 million, respectively.

 

Egyptian and Arab individuals were net buyers at LE 5.15 million, and LE 5.7 million, respectively, while foreign individuals were net sellers at LE 1.56 million.

 

Egyptian and Arab organizations bought at LE 144.31 million, and LE 8.89 million, respectively, while foreign organizations sold at LE 162.5 million.

 

Odin for Investment & Development, Misr Duty Free Shops, and Belton Financial Holding were top gainers of the session at 10.05 percent, 5.97 percent and 5.54 percent, respectively.

 

Meanwhile, Al Arafa for Investment and Consultancies, Sharm Dreams Co. for Tourism Investment, and Ismailia Misr Pourtly were top losers of the session by 19.63 percent, 7.83 percent, and 6.25 percent, respectively.