EGX ends week in week in red zone, market cap. loses LE 11.05B

CAIRO –  2 February 2023: The Egyptian Exchange (EGX) ended Thursday’s session in the red zone, losing LE 11.05 billion, amid foreign selling.

 

The benchmark EGX30 decreased 0.93 percent, or 152.06 points, to end at 16,255.73 points. 

 

The equally weighted index EGX 50 dipped 1.55 percent, or 43.82 points, to end at 2,778.17 points.

 

The small and mid-cap index EGX 70 dropped 1.67 percent, or 48.34 points, to close at 2,840.16 points, and the broader index EGX 100 dipped 1.76 percent, or 76.39 points, at 4,259.93 points.

 

Market capitalization lost around LE 11.05 billion, recording LE 1.044 trillion, compared to LE 1.055 trillion in Wednesday’s session.

 

The trading volume reached 445.8 million shares, traded through 66,022 transactions, with a turnover of LE 1.87 billion.

 

Foreign investors were net sellers at LE 342.77 million, while Egyptian and Arab investors were net buyers at LE 190.66 million, and LE 152.11 million, respectively.

 

Arab and foreign individuals were net sellers at LE 24.05 million, and LE 644,913, respectively, while Egyptian individuals were net buyers at LE 74.89 million.

 

Egyptian and Arab organizations bought at LE 115.77 million, and LE 176.17 million, respectively, while foreign organizations sold at LE 342.13 million.

 

Edita Food Industries S.A.E, Orascom Development Egypt, and Obour Land for Food Industries were top gainers of the session at 10.99 percent, 9.95 percent and 7.66 percent, respectively.

 

Meanwhile, Saudi Egyptian Investment & Finance, Oriental Weavers, and Alexandria Flour Mills were top losers of the session by 12.23 percent, 8.55 percent, and 6.91 percent, respectively.