CAIRO – 23 August 2023: The Egyptian Exchange (EGX) ended Wednesday’s session in the red zone, losing around LE 5.29 billion of the market capitalization, amid local selling.
The benchmark EGX30 declined 0.46 percent, or 83.21 points, to end at 18,133.42 points.
The small and mid-cap index EGX 70 dropped 0.98 percent, or 36.53 points, to close at 3,679.98 points.
The broader index EGX 100 decreased 0.92 percent, or 50.13 points, to 5,413.93 points.
Market capitalization lost around LE 5.29 billion, recording LE 1.233 trillion, compared to LE 1.238 trillion in Tuesday’s session.
The trading volume reached 736.47 million shares, traded through 85,115 transactions, with a turnover of LE 2.6 billion.
Egyptian investors were net sellers at LE 38.69 million, while Arab and foreign investors were net buyers at LE 31.39 million, and LE 7.3 million, respectively.
Gadwa For Industrial Development, Rubex International for Plastic and Acrylic Manufacturing, and General Company for Land Reclamation,Development & Reconstruction were top gainers of the session at 13.39 percent, 10.64 percent and 8.51 percent, respectively.
Meanwhile, Minapharm Pharmaceuticals, Delta for Printing & Packaging, and Egyptian Transport (EGYTRANS) were top losers of the session by 7.51 percent, 7.50 percent, and 6.60 percent, respectively.