EGX ends Sunday in red, market cap. loses LE119.09B

CAIRO - 25 February 2024: The Egyptian Exchange (EGX) ended Sunday’s session in the red zone, losing around LE 119.09 billion of the market capitalization, amid Arab and foreign selling.

 

The benchmark EGX30 decreased 5.01 percent, or 1,468.87 points, to end at 27,840.86 points.

 

The small and mid-cap index EGX 70 dropped 3.95  percent, or 310.48 points, to close at 7,544.15 points.

 

The broader index EGX 100 dipped 3.81 percent, or 411.82 points, to 10,403.62 points.

  

Market capitalization lost around LE 119.09 billion, recording LE 1.973 trillion, compared to LE 2.092 trillion in Thursday’s session.

 

The trading volume reached 1.85 million shares, traded through 280,830 transactions, with a turnover of LE 9.19 billion.

 

Egyptian investors were net buyers at LE 368.26 million, while Arab and foreign investors were net sellers at LE 185.81 million, and LE 182.45 million, respectively.

 

T M G Holding, Orascom Construction PLC, and Edita Food Industries S.A.E were top gainers of the session at 20 percent, 20 percent, and 19.98 percent, respectively.

 

Meanwhile, Alexandria Containers and goods, Abou Kir Fertilizers, and Sidi Kerir Petrochemicals - SIDPEC were top losers of the session by 20 percent, 19.85 percent, and 19.49 percent, respectively.