EGX ends Thursday in red, market cap. loses LE2.86B

CAIRO – 26 November 2020: The Egyptian Exchange (EGX) ended Thursday’s session in red, losingLE 2.86 million to market capitalization, amid foreign selling.

The benchmark EGX30 dropped 0.79 percent, or 87.48 points, to close at 10,980.96 points.

The equally weighted index EGX 50 decreased 0.85 percent, or 18.77 points, to end at 2,177.9 points.

The small and mid-cap index EGX 70 dipped 1.41 percent, or 28.82 points, to close at 2,008.7 points, and the broader index EGX 100 dropped 1.25 percent, or 37.23 points to 2,946.85 points.

Market capitalization lost around LE 2.86 billion, recording LE 636.42 billion, compared to LE 639.3  billion in Wednesday’s session.

The trading volume reached 631.53 million shares, traded through 44,712 transactions, with a turnover of LE 1.66 billion. 

Foreign investors were net sellers at LE 137.99 million, while Egyptian and Arab investors were net buyers at LE 130.67 million, and LE 7.32 million, respectively. 

Egyptian, and Arab individuals were net buyers at LE 7.07 million, and LE 32,439, respectively, while foreign individuals were net sellers at LE 90.26 million.

Egyptian and Arab organizations bought at LE 123.59 million , and LE 7.29 million, respectively, while foreign organizations sold at LE 47.73 million.

The Arab Dairy Products Co. Arab Dairy - Panda, Egyptian Financial & Industrial, and Egyptian Chemical Industries (Kima) were top gainers of the session at 9.94 percent, 7.20 percent and 7.19percent, respectively. 

Meanwhile, International Co for Investment & Development, Alexandria New Medical Center, and Marsa Marsa Alam for Tourism Development  were top losers of the session by 9.50 percent, 9.19percent, and 8.62 percent, respectively.

EGX ended Wednesday session on mixed note, as  EGX30 hiked 0.65 percent, while EGX 50 dipped0.24 percent, EGX 70 dropped 1.31 percent and the broader index EGX 100 decreased 0.89 percent.