CAIRO - 24 December 2023: The Egyptian Exchange (EGX) traded in the red zone on Sunday, losing around LE 17.76 billion of market capitalization, amid local selling.
The benchmark EGX30 fell 1.99 percent, or 482.92 points, to end at 23,822.17 points.
The small and mid-cap index EGX 70 dipped 1.42 percent, or 76.41 points, to close at 5,312.99 points.
The broader index EGX 100 declined 1.61 percent, or 125.09 points, to 7,639.43 points.
Market capitalization lost around LE 17.76 billion, recording LE 1.648 trillion, compared to around LE 1.666 trillion in Thursday’s session.
The trading volume reached 961.29 million shares, traded through 122,517 transactions, with a turnover of LE 3.23 billion.
Egyptian investors were net sellers at LE 31.75 million, while Arab and foreign investors were net buyers at LE 26.83 million, and LE 4.92 million, respectively.
The Egyptian Modern Education Systems, El Nasr Clothes & Textiles (Kabo), and Misr Beni Suef Cement were top gainers of the session at 12.58 percent, 8.93 percent and 8.12 percent, respectively.
Meanwhile, Egyptian Arabian(Themar)Comp. for Securities&Bonds Brok. EAC, Memphis Pharmaceuticals, and National Housing for Professional Syndicates were top losers of the session by 18.55 percent, 10.67 percent, and 10.64 percent, respectively.
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