CAIRO – 21 September 2022: The Egyptian Exchange (EGX) ended Wednesday’s session in the red zone, losing around LE 1.45 billion of the market capitalization, amid Egyptian and Arab selling.
The benchmark EGX30 declined 0.55 percent, or 54.68 points, to end at 9,955.85 points.
The equally weighted index EGX 50 dipped 0.25 percent, or 4.76 points, to end at 1,895.47 points.
Furthermore, the small and mid-cap index EGX 70 decreased 0.43 percent, or 9.45 points, to close at 2,188.56 points, and the broader index EGX 100 inclined 0.57 percent, or 17.94 points, at 3,122.76 points.
Market capitalization lost around LE 1.45 billion, recording LE 686.82 billion, compared to LE 688.27 billion in Tuesday’s session.
The trading volume reached 509.38 million shares, traded through 43,310 transactions, with a turnover of LE 1.51 billion.
Foreign investors were net buyers at LE 381.18 million, while Egyptian and Arab investors were net sellers at LE 286.08 million, and LE 95.09 million, respectively.
Egyptian, Arab, and foreign individuals were net sellers at LE 151.28 million, LE 22.98 million, and LE 754,248, respectively.
Egyptian and Arab organizations sold at LE 134.79 million, and LE 72.12 million, respectively, while Egyptian organizations bought at LE 381.94 million.
Misr Hotels, Six of October Development & Investment (SODIC), and El Nasr Clothes & Textiles (Kabo) were top gainers of the session at 12.13 percent, 10.44 percent and 7.27 percent, respectively.
Meanwhile, Medinet Nasr Housing, Fawry for Banking Technology and Electronic Payment, and Ceramic & Porcelain were top losers of the session by 6.89 percent, 6.11 percent, and 4.68 percent, respectively.
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