EGX ends week on mixed note, market cap. loses LE2.58B

CAIRO – 19 July 2023: The Egyptian Exchange (EGX) ended Wednesday’s session on a mixed note, losing around LE 2.58 billion of the market capitalization, amid Egyptian selling.

 

The benchmark EGX30 dropped 0.17 percent, or 29.65 points, to end at 17,578.67 points.

 

On the other hand, the equally weighted index EGX 50 inched up 0.11 percent, or 3.6 points, to end at 3,218.62 points.

 

The small and mid-cap index EGX 70 increased 1.61 percent, or 55.6 points, to close at 3,500.48 points, and the broader index EGX 100 rose 1.08 percent, or 55.47 points, at 5,185.97 points.

  

Market capitalization lost around LE 2.58 billion, recording LE 1.180 trillion, compared to LE 1.183 trillion in Tuesday’s session.

 

The trading volume reached 677.21 million shares, traded through 60,816 transactions, with a turnover of LE 1.59 billion.

 

Egyptian investors were net sellers at LE 69.05 million, while Arab and foreign investors were net buyers at LE 59.52 million, and LE 9.5 million, respectively.

 

Orascom Financial Holding, Belton Financial Holding, and Orascom Investment Holding were top gainers of the session at 10.41 percent, 5.65 percent and 5.63 percent, respectively.

 

Meanwhile, Rakta Paper Manufacturing, Taqa Arabia, and Engineering Industries (ICON) were top losers of the session by 3.68 percent, 3.07 percent, and 2.54 percent, respectively.

 

EGX will be off on Thursday, July 20, and Sunday, July 23, on the occasion of the Islamic New Year & 23rd of July Revolution Holidays. Trading will be resumed effective Monday, July 24.