EGX ends Monday on mixed note, market cap. gains LE10.16B

CAIRO –  5 December 2022: The Egyptian Exchange (EGX) showed mixed performance during the second session of the week, despite adding around LE 10.16 billion to the market capitalization, amid foreign selling.

  

The benchmark EGX30 increased 1.77 percent, or 249.24 points, to end at 14,327.77 points.

 

The equally weighted index EGX 50 hiked 0.60 percent, or 14.4 points, to end at 2,423.13 points.

 

On the other hand, the small and mid-cap index EGX 70 declined 0.58 percent, or 15.36 points, to close at 2,653.62 points, and the broader index EGX 100 inched down 0.07 percent, or 2.75 points, at 3,898.14 points.

 

Market capitalization gained around LE 10.16 billion, recording LE 924.11 billion, compared to LE 913.96 billion in Sunday’s session.

 

The trading volume reached 1.22 billion shares, traded through 93,797 transactions, with a turnover of LE 2.9 billion.

 

Foreign investors were net sellers at LE 147.59 million, while Egyptian and Arab investors were net buyers at LE 119.4 million, and LE 28.16 million, respectively.

 

Arab, and foreign individuals were net sellers at LE 27.08 million, and LE 4.89 million, respectively, while Egyptian individuals were net buyers at LE 145.53 million.

 

Egyptian and foreign organizations sold at LE 26.1 million, and LE 142.7 million, respectively, while Arab organizations bought at LE 55.25 million.

 

Housing & Development Bank, GlaxoSmithKline, and Golden Textiles & Clothes Wool were top gainers of the session at 18.35 percent, 16.47 percent and 12.74 percent, respectively.

 

Meanwhile,El Obour Real Estate Investment, El Arabia Engineering Industries, and National Real Estate Bank for Development were top losers of the session by 7.96 percent, 6.06 percent, and 5.91 percent, respectively.