CAIRO – 22 March 2023: The Egyptian Exchange (EGX) ended Wednesday’s session in the red zone, losing around LE 5.23 billion of the market capitalization, amid foreign selling.
The benchmark EGX30 declined 0.47 percent, or 72.44 points, to end at 15,253.22 points.
The equally weighted index EGX 50 decreased 1.50 percent, or 39.69 points, to end at 2,608.28 points.
The small and mid-cap index EGX 70 dipped 1.36 percent, or 37.69 points, to close at 2,733.94 points, and the broader index EGX 100 inclined 1.37 percent, or 56 points, at 4,040.24 points.
Market capitalization lost around LE 5.23 billion, recording LE 988.34 billion, compared to LE 993.57 billion in Tuesday’s session.
The trading volume reached 518.17 million shares, traded through 63,161 transactions, with a turnover of LE 1.43 billion.
Foreign investors were net sellers at LE 72.16 million, while Egyptian and Arab investors were net buyers at LE 56.33 million, and LE 15.83 million, respectively.
General Silos & Storage, Golden Textiles & Clothes Wool, and GlaxoSmithKline were top gainers of the session at 11.38 percent, 11.21 percent and 8.16 percent, respectively.
Meanwhile, International Co for Investment & Development, Cleopatra Hospital Company, and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 6.35 percent, 6.14 percent, and 4.90 percent, respectively.
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