EGX ends week in red, market cap. loses LE3.28B

CAIRO – 18  February 2021: The Egyptian Exchange (EGX) ended week in red, losing LE 3.28 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 declined 0.29 percent, or 32.62 points, to end at 11,380.55 points.

The equally weighted index EGX 50 dipped 0.85 percent, or 20.16 points, to end at 2,361.7 points.

The small and mid-cap index EGX 70 decreased 1.09 percent, or 25.91 points, to close at 2,350.39 points, and the broader index EGX 100 lessened 0.85 percent, or 28.77 points, to close at 3,374.34 points

Market capitalization lost around LE 3.28 million, recording LE 697.12 billion, compared to LE 700.4 billion in Wednesday’s session.

The trading volume reached 809.89 million shares, traded through 46,381 transactions, with a turnover of LE 1.33 billion. 

Egyptian investors were net buyers at LE 63.35 million, while Arab and foreign investors were net sellers at LE 8.11 million, and LE 55.24 million, respectively.

Egyptian and foreign individuals were net buyers at LE 48.96 million, and LE 576,188, respectively, while Arab individuals LE 13.08 million.

Egyptian, and Arab organizations bought at LE 14.38 million, and LE 4.97 million, respectively, while foreign organization sold at LE 55.81 million.

National Bank of Kuwait- Egypt- NBK, El Obour Real Estate Investment, and Grand Investment Capital were top gainers of the session at 9.99 percent, 9.91 percent and 9.89 percent, respectively. 

Meanwhile, Gulf Canadian Real Estate Investment Co., Egypt for Pourtly, and Orascom Financial Holding were top losers of the session by 9.63 percent, 8.08 percent, and 6.19 percent, respectively.