CAIRO - 7 December 2023: The Egyptian Exchange (EGX) traded in the red zone for the second consecutive session during Thursday, losing around LE 8.7 billion of market capitalization, amid local selling.
The benchmark EGX30 inched down 0.07 percent, or 17.39 points, to end at 24,686.16 points.
The small and mid-cap index EGX 70 dipped 1.18 percent, or 63.04 points, to close at 5,286.49 points.
The broader index EGX 100 declined 0.93 percent, or 72.01 points, to 7,681.96 points.
Market capitalization lost around LE 8.7 billion, recording LE 1.663 trillion, compared to around LE 1.672 trillion in Wednesday’s session.
The trading volume reached 1.22 million shares, traded through 138,039 transactions, with a turnover of LE 3.83 billion.
Egyptian investors were net sellers at LE 374.62 million, while Arab and foreign investors were net buyers at LE 44.84 million, and LE 329.78 million, respectively.
Atlas for Investment and Food Industries, International Agricultural Products, and Egyptian Transport (EGYTRANS) were top gainers of the session at 19.79 percent, 8.64 percent and 7.94 percent, respectively.
Meanwhile, Misr Beni Suef Cement, Delta Sugar, and Mena Touristic & Real Estate Investment were top losers of the session by 10.81 percent, 6.23 percent, and 6.18 percent, respectively.
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