CAIRO – 30 January 2023: The Egyptian Exchange (EGX) ended Monday’s session in the red zone, losing LE 23.66 billion, amid foreign selling.
The benchmark EGX30 decreased 2.21 percent, or 384.82 points, to end at 17,026.64 points.
The equally weighted index EGX 50 dipped 2.46 percent, or 73.53 points, to end at 2,912.35 points.
The small and mid-cap index EGX 70 dropped 2.90 percent, or 88.67 points, to close at 2,971.06 points, and the broader index EGX 100 dipped 2.86 percent, or 131.79 points, at 4,469.66 points.
Market capitalization lost around LE 23.66 billion, recording LE 1.088 trillion, compared to LE 1.112 trillion in Sunday’s session.
The trading volume reached 643.15 million shares, traded through 90,341 transactions, with a turnover of LE 2.9 billion.
Foreign investors were net sellers at LE 113.83 million, while Egyptian and Arab investors were net buyers at LE 45.16 million, and LE 68.67 million, respectively.
Egyptian and foreign individuals were net sellers at LE 48.93 million, and LE 4.51 million, respectively, while Arab individuals were net buyers at LE 9.72 million.
Egyptian and Arab organizations bought at LE 94.09 million, and LE 58.94 million, respectively, while foreign organizations sold at LE 109.32 million.
Minapharm Pharmaceuticals, Arabian Cement Company, and Eastern Company were top gainers of the session at 5.19 percent, 4.62 percent and 4.41 percent, respectively.
Meanwhile, Telecom Egypt, Heliopolis Housing, and Abu Dhabi Islamic Bank- Egypt were top losers of the session by 7.11 percent, 6.98 percent, and 6.98 percent, respectively.