EGX ends Tuesday in red, market cap. loses LE9.97B

CAIRO - 2 April 2024: The Egyptian Exchange (EGX) ended Tuesday’s session in the red zone, losing around LE 9.97 billion of the market capitalization, amid local and Arab selling.

 

The benchmark EGX30 decreased 1.28 percent, or 362.81 points, to end at 27,934.36 points.

 

The small and mid-cap index EGX 70 inched down 0.05 percent, or 3.32 points, to close at 6,400.39 points.

 

The broader index EGX 100 dropped 0.32 percent, or 29.64 points, to 9,096.59 points.

  

Market capitalization lost around LE 9.97 billion, recording LE 1.879 trillion, compared to LE 1.889 trillion in Monday’s session.

 

The trading volume reached 604.84 million shares, traded through 93,006 transactions, with a turnover of LE 3.14 billion.

 

Foreign investors were net buyers at LE 235.25 million, while Egyptian and Arab investors were net sellers at LE 123.95 million, and LE 111.29 million, respectively.

 

Arab Real Estate Investment CO.-ALICO, Contact Financial Holding, and Osool ESB Securities Brokerage were top gainers of the session at 19.94 percent, 11.90 percent, and 9.94 percent, respectively.

 

Meanwhile, GB Corp, Egyptians Housing Development & Reconstruction, and Orascom Development Egypt were top losers of the session by 6.38 percent, 6 percent, and 4.80 percent, respectively.