CAIRO - 11 February 2024: The Egyptian Exchange (EGX)started the week in the red zone, losing around LE 1.76 billion of the market capitalization, amid Arab selling.
The benchmark EGX30 decreased 0.75 percent, or 212.37 points, to end at 28,199.04 points.
The small and mid-cap index EGX 70 dipped 0.38 percent, or 26.39 points, to close at 6,859.73 points.
Furthermore, the broader index EGX 100 declined 0.49 percent, or 47.16 points, to 9,632.62 points.
Market capitalization lost around LE 1.76 billion, recording LE 1.998 trillion, compared to LE 2 trillion in Thursday’s session.
The trading volume reached 1.37 million shares, traded through 170,450 transactions, with a turnover of LE 4.76 billion.
Arab investors were net sellers at LE 83.61 million, while Egyptian and foreign investors were net buyers at LE 54 million, and LE 29.61 million, respectively.
Egyptian for Tourism Resorts, Alexandria Containers and Goods, and Mena Touristic & Real Estate Investment were top gainers of the session at 14.35 percent, 9.43 percent, and 9.22 percent, respectively.
Meanwhile, Grand Investment Capital, Northern Upper Egypt Development & Agricultural Production, and Ismailia National Food Industries were top losers of the session by 11.33 percent, 9.27 percent, and 7.04 percent, respectively.
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