EGX ends midweek session in red, market cap. loses LE5.54B

CAIRO – 8 August 2023: The Egyptian Exchange (EGX) traded in the red zone during midweek session, losing around LE 5.54 billion of the market capitalization, amid local and Arab selling.

 

The benchmark EGX30 declined 0.51 percent, or 90.59 points, to end at 17,748.89 points.

 

The small and mid-cap index EGX 70 decreased 0.16 percent, or 5.86 points, to close at 3,589.62 points.

 

The broader index EGX 100 dropped 0.27 percent, or 14.16 points, to 5,306.79 points.

  

Market capitalization lost around LE 5.45 billion, recording LE 1.204 trillion, compared to LE 1.209 trillion in Monday’s session.

 

The trading volume reached 976.38 million shares, traded through 78,530 transactions, with a turnover of LE 3.07 billion.

 

Foreign investors were net buyers at LE 80.63 million, while Egyptian and Arab investors were net sellers at LE 59.49 million, and LE 21.13 million, respectively.

 

El Obour Real Estate Investment, Giza General Contracting, and Pioneers Properties For Urban Development (PREDCO) were top gainers of the session at 11.11 percent, 6.58 percent and 6.10 percent, respectively.

 

Meanwhile, Atlas for Investment and Food Industries, Delta Construction & Rebuilding, and Six of October Development & Investment (SODIC) were top losers of the session by 5.56 percent, 3.67 percent, and 3.40 percent, respectively.