EGX ends Wednesday on mixed note amid Arab, foreign organizations selling

CAIRO – 24 February 2021: The Egyptian Exchange (EGX) ended Wednesday’s session in a semi-collective regression, adding LE 1 billion to market capitalization, amid Arab and foreign organizations selling.

The benchmark EGX30 increased 0.16 percent, or 18.69 points, to end at 11,435.43 points.

On the other hand, the equally weighted index EGX 50 dropped 0.45 percent, or 10.62 points, to end at 2,356.37 points.

The small and mid-cap index EGX 70 declined 0.33 percent, or 7.83 points, to close at 2,362.42 points, and the broader index EGX 100 lessened 0.15 percent, or 5.01 points, to close at 3,386.08 points.

Market capitalization gained around LE 1 billion, recording LE 701.95 billion, compared to LE 700.95 billion in Tuesday’s session.

The trading volume reached 570.39 million shares, traded through 49,773 transactions, with a turnover of LE 1.59 billion. 

Egyptian investors were net buyers at LE 71.03 million, while Arab and foreign investors were net sellers at LE 36.58 million, and LE 34.45 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 41.34 million, LE 393,452, and LE 1.85 million, respectively.

Arab and foreign organizations sold at LE 36.97 million, and LE 36.29 million, respectively, while Egyptian organization bought at LE 29.69 million.

MM Group for Industry and International Trade, Alexandria National Company for Financial Investment, and Arab Moltaka Investments Co were top gainers of the session at 11.56 percent, 9.96 percent and 9.88 percent, respectively. 

Meanwhile, Arab Co. for Asset Management and Development, Mohandes Insurance, and El Nasr for Manufacturing Agricultural Crops were top losers of the session by 9.75 percent, 9.53 percent, and 8.92 percent, respectively.

On Tuesday, EGX ended the session in red, EGX30 dipped 1.15 percent, EGX 50 dropped 1.37 percent, EGX 70 declined 1.45 percent, and EGX 100 lessened 1.34 percent.