EGX flags in red Sunday, market cap. loses LE30.67B

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Sun, 08 Oct 2023 - 02:37 GMT

BY

Sun, 08 Oct 2023 - 02:37 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO - 8 October 2023: The Egyptian Exchange (EGX) ended Sunday’s session in the red zone, losing around LE 30.67 billion of the market capitalization, amid Egyptian and foreign selling.
 
The benchmark EGX30 declined 2.60 percent, or 515.89 points, to end at 19,357.42 points.
 
The small and mid-cap index EGX 70 dropped 4.08 percent, or 152.48 points, to close at 3,583.08 points.
 
The broader index EGX 100 decreased 3.71 percent, or 205.83 points, to 5,340.71 points.
  
Market capitalization lost around LE 30.67 billion, recording LE 1.323 trillion, compared to LE 1.353 trillion in Wednesday’s session.
 
The trading volume reached 719.11 million shares, traded through 88,758 transactions, with a turnover of LE 2.05 billion.
 
Arab investors were net buyers at LE 24.23 million, while Egyptian and foreign investors were net sellers at LE 3.49 million, and LE 20.74 million, respectively.
 
Delta for Printing & Packaging, Ismailia National Food Industries, and Memphis Pharmaceuticals were top gainers of the session at 19.99 percent, 14.48 percent and 9.60 percent, respectively.
 
Meanwhile, Acrow Misr, Egyptians for Investment & Urban Development, and El Kahera Housing were top losers of the session by 12.71 percent, 10.87 percent, and 10.77 percent, respectively.
 

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