Tuesday trading closes in the red zone as EGX loses LE 8M in market cap.



Tue, 14 May 2024 - 03:44 GMT


Tue, 14 May 2024 - 03:44 GMT

Cairo – May 14, 2024: The Egyptian Exchange (EGX) fell into the red zone during Tuesday trading, losing around LE 8 million in market capitalization.

Benchmark index EGX 30 was down by 0.16 percent to end the session at 25,339.77 points.

EGX 70 fell by 0.56 percent to 5,444.38 points, while EGX 100 declined by 0.6 percent to close the session with 7,831.1 points.

Tuesday trading saw 632.47 million shares exchanged with a turnover of LE 2.467 billion.

The market capitalization was recorded at LE 1.696,6 trillion, compared to Monday’s LE 1.704 trillion.

Trading on securities saw Egyptian and Arab investors as net sellers with LE 155.7 million and LE 210.05 million, respectively. Foreign investors were net buyers with LE 365.76 million.

The top gains of the session were by Maridive & oil services which surged by 19.58 percent, Emaar Misr for Development by 13.79 percent, and Mena Touristic & Real Estate Investment by 7.99 percent.

The largest losses of the session were by Prime Holding which dropped by 10.68 percent, Sinai Cement by 8.37 percent, and QALA For Financial Investments by 6.17 percent.




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