EGX ends Monday in green despite losing LE22.88B of market cap.

CAIRO - 9 October 2023: The Egyptian Exchange (EGX) ended Monday’s session in the green zone, despite losing around LE 22.88 billion of the market capitalization, amid Egyptian and foreign selling.

 

The benchmark EGX30 increased 0.27 percent, or 52.36 points, to end at 19,409.78 points.

 

The small and mid-cap index EGX 70 rose 0.79 percent, or 28.44 points, to close at 3,611.52 points.

 

The broader index EGX 100 hiked 0.55 percent, or 29.15 points, to 5,369.86 points.

  

Market capitalization lost around LE 22.88 billion, recording LE 1.299 trillion, compared to LE 1.322 trillion in Sunday’s session.

 

The trading volume reached 447.99 million shares, traded through 53,205 transactions, with a turnover of LE 1.13 billion.

 

Arab investors were net buyers at LE 72.5 million, while Egyptian and foreign investors were net sellers at LE 59.8 million, and LE 12.69 million, respectively.

 

Ismailia National Food Industries, Mohandes Insurance, and Juhayna Food Industries were top gainers of the session at 19.66 percent, 9.96 percent and 7.67 percent, respectively.

 

Meanwhile, Grand Investment Capital, ODIN Investments, and International Co for Investment & Development were top losers of the session by 17.78 percent, 3.35 percent, and 3.24 percent, respectively.