Bourse closes October on a red note, declines by LE60B in market cap.

Cairo - October 31, 2023: The Egyptian Exchange (EGX) fell into the red after a brief return to the green yesterday, closing October with a loss of LE 60 billion in market cap.

Benchmark index EGX 30 plummeted during Tuesday trading by 3.78 percent to close the session at 22,550.65 points.

EGX 70 fell by 2.15 percent to 4,325.84 points followed by EGX 100 with a plunge of 2.81 percent to end the session at 6,476.59 points.

Tuesday trading saw 977.62 million shares exchanged with a turnover of LE 4.72 billion.

Market capitalization was recorded at LE 1.536 trillion, losing around LE 60 billion compared to Monday’s close of LE 1.596 trillion.

Trading on securities saw Egyptian and Arab investors as net buyers with LE 79.53 million and LE 3.75 million, respectively. Foreign traders were net sellers with LE 83.29 million.

The top gains of the session were by Sinai Cement which grew by 19.9 percent, followed by South Cairo & Giza Mills & Bakeries by 19.45 percent, and Engineering Industries (ICON) by 8.03 percent.

The largest losses of the session were by Delta For Printing & Packaging which dropped by 14.26 percent, Middle Egypt Flour Mills by 14 percent, and Misr Fertilizers Production Company – Mopco by 13.11 percent.