EGX shows mixed performance Tuesday amid foreign organization selling

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Tue, 13 Sep 2022 - 03:54 GMT

BY

Tue, 13 Sep 2022 - 03:54 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 13 September 2022: The Egyptian Exchange (EGX) showed mixed performance for the second session in a row, losing around LE 1.61 billion of the market capitalization, amid foreign organization selling.
 
The benchmark EGX30 declined 0.35 percent, or 36.98 points, to end at 10,397.12 points.
 
The equally weighted index EGX 50 dipped 0.14 percent, or 2.81 points, to end at 1,971.56 points.
 
On the other hand, the small and mid-cap index EGX 70 hiked 0.55 percent, or 12.66 points, to close at 2,302.73 points, and the broader index EGX 100 climbed 0.29 percent, or 9.61 points, at 3,289.22 points.
 
Market capitalization lost around LE 1.61 billion, recording LE 713.24 billion, compared to LE 714.85 billion in Monday’s session.
 
The trading volume reached 687.97 million shares, traded through 51,936 transactions, with a turnover of LE 1.46 billion.
 
Foreign investors were net sellers at LE 307.19 million, while Egyptian and Arab investors were net buyers at LE 199.43 million, and LE 107.77 million, respectively.
 
Egyptian and foreign individuals were net buyers at LE 42.05 million, and LE 1.05 million, respectively, while Arab individuals were net sellers at LE 2.48 million.
 
Egyptian and Arab organisations bought at LE 157.37 million, and LE 110.25 million, respectively, while foreign organisations sold at LE 308.25 million.
 
Ismailia National Food Industries, Natural Gas & Mining Project (Egypt Gas), and Alexandria Flour Mills were top gainers of the session at 20 percent, 9.59 percent and 9.21 percent, respectively.
 
Meanwhile, ODIN Investments, the Arab Dairy Products Co. Arab Dairy - Panda, and Emerald Real Estate Investment were top losers of the session by 5.79 percent, 4.50 percent, and 3.64 percent, respectively.
 
EGX ended Monday on a mixed note, as: EGX30 increased 0.75 percent, EGX 70 inched up 0.09 percent, and EGX 100 climbed 0.10 percent, while EGX 50 declined 0.05 percent.
 

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