EGX sees broad losses, foreign investors lead sell-off on April 9
The Egyptian Exchange (EGX) closed in the red on Wednesday, with all major indices experiencing losses.
The EGX30, the main benchmark index, fell 1.86 per cent to close at 30,079.93 points. The Shariah-compliant EGX33 index saw a sharper decline, dropping 2.39 per cent to 3,126.75 points. Meanwhile, the EGX70 index, which tracks smaller companies, fell by 3.65 per cent to 8,547.3 points. The broader EGX100 index lost 3.28 per cent, finishing at 11,788.65 points.
Total market capitalisation stood at 2.13 trillion Egyptian pounds.
Foreign investors were net sellers, with Arabs offloading 5.17 billion pounds and non-Arab foreigners selling 33.22 billion pounds. On the other hand, Egyptian investors were net buyers, accumulating 38.38 billion pounds.
Top gainers
- Shares of Taaleem Management Services rose by 10.08 per cent, to close at the price of 11.360 Egyptian pounds a share.
- Shares of El Ahram Co. For Printing And Packing climbed by 4.35 per cent, to trade at the price of 10.560 Egyptian pounds a share.
- Shares of Rights Issue Of Arab Developers Holding -1 jumped by 2.41 per cent, to the purchasing price of 0.085 Egyptian pounds a share.
Top losers
- Shares of Rights Issue Of Al Tawfeek Leasing Company – A.T.LEASE -3 fell by 32.28 per cent, to close at 0.860 Egyptian pounds a share.
- Shares of Arab Valves Company dropped by 13.10 per cent, to close at the price of 5.840 Egyptian pounds a share.
- Shares of Al Tawfeek Leasing Company-A.T.LEASE declined by 12.22 per cent, to close at 3.950 Egyptian pounds a share.
Subediting: Y.Yasser