CAIRO - 6 December 2023: The Egyptian Exchange (EGX) traded in the red zone during Wednesday's session, losing around LE 27.4 billion of market capitalization, amid Egyptian and Arab selling.
The benchmark EGX30 decreased 1.69 percent, or 424.36 points, to end at 24,703.55 points.
The small and mid-cap index EGX 70 dipped 1.40 percent, or 75.72 points, to close at 5,349.53 points.
The broader index EGX 100 declined 1.43 percent, or 112.23 points, to 7,753.97 points.
Market capitalization lost around LE 27.4 billion, recording LE 1.672 trillion, compared to around LE 1.699 trillion in Tuesday's session.
The trading volume reached 1.29 million shares, traded through 153,016 transactions, with a turnover of LE 5.31 billion.
Foreign investors were net buyers at LE 340.74 million, while Egyptian and Arab investors were net sellers at LE 280.35 million, and LE 60.39 million, respectively.
Egypt for Pourtly, Misr Beni Suef Cement, and Arab Real Estate Investment CO.-ALICO were top gainers of the session at 8.46 percent, 7.25 percent and 6.82 percent, respectively.
Meanwhile, Cairo Pharmaceuticals, Taqa Arabia, and Orascom Investment Holding were top losers of the session by 11.08 percent, 9.35 percent, and 7.76 percent, respectively.
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