Egypt bourse market cap ends week in red amid selling

The Egyptian Exchange (EGX) ended last session of the week in red, and market capitalization lost 3.09 billion Egyptian pounds ($191.7 million) amid Egyptian and Arab selling, according to Egypt Today on Thursday.

The benchmark EGX 30 dropped 0.51 percent, or 68.75 points, to close at 13,358.47 points.

The equally weighted index EGX 50 declined 0.81 percent, or 15.74 points, to end at 1,920.87 points.
The small and mid-cap index EGX 70 decreased 0.16 percent, or 0.86 points, to close at 520.69 points, and the broader index EGX 100 inched down 0.22 percent, or 2.95 points, to 1,360.44 points.

Market capitalization lost 3.09 billion pounds, recording 686.64 billion pounds from 689.73 billion pounds in Wednesday’s session.

The trading volume reached 81.59 million shares, traded through 15,442 transactions, with a turnover of 476.12 million pounds.

Foreign investors were net buyers at 63.53 million pounds, while Egyptian and Arab investors were net sellers at 26.76 million pounds and 36.77 million pounds, respectively.

Egyptian, Arab, and foreign individuals were net sellers at 11.04 million pounds, 977,493 million pounds, and 2.89 million pounds, respectively.

Egyptian and Arab organizations sold at 15.71 million pounds and 35.79 million pounds respectively, while foreign organizations bought at 66.42 million pounds.

General Company for Land Reclamation, Development & Reconstruction, National Real Estate Bank for Development, and Rakta Paper Manufacturing were top gainers of the session by 6.98 percent, 6.57 percent and 6.05 percent, respectively.

Meanwhile, Al Arafa for Investment and Consultancies, El Nasr for Manufacturing Agricultural Crops, and Sidi Kerir Petrochemicals were top losers of the session by 6.54 percent, 5.92 percent, and 5.82 percent, respectively

EGX ended Wednesday’s session in red, as EGX 30 dipped 0.61 percent, EGX 50 decreased 1.10 percent, EGX 70 declined 0.96 percent, and EGX100 inched down 0.93 percent.