EGX closes Tuesday trading in the red amid Egyptian and foreign buying

Cairo – May 21, 2024: The Egyptian Exchange (EGX) slipped into the red at the end of Tuesday trading, closing with a market cap. of LE 1.841,6 trillion.

Benchmark index EGX 30 inched downward by 0.01 percent to end the session at 27,224.80 points.

EGX 70 declined by 0.21 percent to 5,912.58 points, followed by EGX 100 which was down by 0.10 percent to close at 8,550.11 points.

Tuesday trading reported 709.32 million shares exchanged with a turnover of LE 5.67 billion.

Trading on securities saw Egyptian and foreign investors as the net buyers with LE 134.45 million and LE 442.22 million, respectively. Arab traders were net sellers with LE 576.68 million.

The top gains of the session were by Maridive & oil services which climbed by 11.7 percent, Egyptian Financial & Industrial by 7.76 percent, and Ezz Steel by 7.17 percent.

The largest losses of the session were by QALA For Financial Investments which declined by 7.69 percent, GB Corp by 4.83 percent, and GTEX For Commercial and Industrial by 4.76 percent.