EGX ends week in dark red on June 12

The Egyptian Exchange (EGX) ended sharply lower on Thursday, with all major indices in negative territory amid broad-based selling by local investors.

The benchmark EGX30 index dropped 1.29% to close at 32,511.68 points, while the EGX33 Shariah-compliant index lost 1.86%, ending at 3,370.16 points.

The EGX70, which tracks small and medium-sized enterprises, sank 2.63% to 9,605.19 points, and the broader EGX100 index declined 2.31% to 13,070.09 points.

Market capitalisation stood at 2.3 trillion Egyptian pounds.

Egyptian investors were net sellers, offloading shares worth nearly 19.77 billion pounds, while Arab and non-Arab foreign investors were net buyers with 6.49 billion pounds and 13.28 billion pounds, respectively.

Top Risers 

1. Shares of El Kahera El Watania Investment soared by 19.98 per cent, to close at the price of 36.090 Egyptian pounds a share.
2. Shares of Samad Misr -EGYFERT climbed by 10.57 per cent, to trade at the price of 166.800 Egyptian pounds a share.
3. Shares of Misr Beni Suef Cement jumped by 3.69 per cent, to the purchasing price of 131.340 Egyptian pounds a share.

Top Fallers

1. Shares of Misr National Steel – Ataqa dived by 10.41 per cent, to close at 10.760 Egyptian pounds a share.
2. Shares of Upper Egypt Flour Mills declined by 7.24 per cent, to close at 430.200 Egyptian pounds a share.
3. Shares of El Arabia Engineering Industries dropped by 5.85 per cent, to close at the price of 1.770 Egyptian pounds a share.

Subediting: Y.Yasser