EGX loses LE2.97B of market cap. during midweek session

CAIRO – 1 August 2023: The Egyptian Exchange (EGX) ended Tuesday’s session on a mixed note, losing around LE 2.97 billion of the market capitalization, amid local and Arab selling.

 

The benchmark EGX30 dropped 0.46 percent, or 81.81 points, to end at 17,514.11 points.

 

The small and mid-cap index EGX 70 rose 0.16 percent, or 5.77 points, to close at 3,536.69 points.

 

On the other hand, the broader index EGX 100 inched down 0.02 percent, or 1.14 points, to 5,216.72 points.

  

Market capitalization lost around LE 2.97 billion, recording LE 1.187 trillion, compared to LE 1.190 trillion in Tuesday’s session.

 

The trading volume reached 799.95 billion shares, traded through 70,858 transactions, with a turnover of LE 2.56 billion.

 

Foreign investors were net buyers at LE 49.82 million, while Egyptian and Arab investors were net sellers at LE 42.89 million, and LE 6.9 million, respectively.

 

Belton Financial Holding, Amer Group Holding, and Orascom Financial Holding were top gainers of the session at 9.94 percent, 9.44 percent and 7.82 percent, respectively.

 

Meanwhile, Eastern Company, El Ezz Porcelain (Gemma), and Alexandria Mineral Oils Company were top losers of the session by 6.05 percent, 5.45 percent, and 5.30 percent, respectively.