EGX ends week in red, market cap. loses LE7.3B

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Thu, 15 Sep 2022 - 04:24 GMT

BY

Thu, 15 Sep 2022 - 04:24 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO – 15 September 2022: The Egyptian Exchange (EGX) ended Thursday in the red zone for the second session in a row, losing around LE 7.3 billion of the market capitalization, amid foreign organization selling.
 
The benchmark EGX30 declined 1.13 percent, or 114.77 points, to end at 10,079.02 points.
 
The equally weighted index EGX 50 dipped 1.05 percent, or 20.36 points, to end at 1,918.11 points.
 
Furthermore, the small and mid-cap index EGX 70 declined 0.17 percent, or 3.82 points, to close at 2,267.95 points, and the broader index EGX 100 dipped 0.49 percent, or 16.01 points, at 3,223.36 points.
 
Market capitalization lost around LE 7.3 billion, recording LE 694.35 billion, compared to LE 701.65 billion in Wednesday’s session.
 
The trading volume reached 463.29 million shares, traded through 46,414 transactions, with a turnover of LE 1.28 billion.
 
Foreign investors were net sellers at LE 158 million, while Egyptian and Arab investors were net buyers at LE 152.54 million, and LE 5.46 million, respectively.
 
Egyptian and Arab individuals were net buyers at LE 104.95 million, and LE 11.12 million, respectively, while foreign individuals were net sellers at LE 3.34 million.
 
Arab and foreign organizations sold at LE 5.65 million, and LE 154.67 million, respectively, while foreign organizations bought at LE 47.58 million.
 
Ismailia National Food Industries, Egyptians for Investment & Urban Development, and Wadi Kom Ombo Land Reclamation were top gainers of the session at 14.05 percent, 6.76 percent and 5.21 percent, respectively.
 
Meanwhile, Delta For Printing & Packaging, Qatar National Bank Alahly, and Odin for Investment & Development were top losers of the session by 19.93 percent, 8.88 percent, and 6.51 percent, respectively.
 
EGX ended Wednesday in the red zone, as: EGX30 declined 1.96 percent, EGX 50 dipped 1.68 percent, EGX 70 declined 1.34 percent, and EGX 100 dipped 1.52 percent.
 
 
 

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