Egypt bourse’s market cap. losses $286.6 million Tuesday

The Egyptian Exchange (EGX) ended Tuesday’s session in red, and market capitalisation lost 4.6 billion Egyptian pounds ($286.6 million), amid Arab selling, according to Egypt Today.

The benchmark EGX 30 dipped 0.70 percent, or 97 points, to close at 13,805.43 points.

The equally weighted index EGX 50 decreased 0.89 percent, or 17.42 points, to end at 1,945.01 points.

Moreover, the small and mid-cap index EGX 70 dropped 0.36 percent, or 1.92 points, to close at 526.42 points, the broader index EGX 100 inched down 0.48 percent, or 6.68 points to 1,384.06 points.

Market capitalization lost LE 4.6 billion, recording 697.04 billion pounds, compared to 701.72 billion pounds in Monday’s session.

The trading volume reached 65.94 million shares, traded through 12,550 transactions, with a turnover of 382.31 million pounds.

Arab investors were net sellers at 8.62 million pounds, while Egyptian and foreign investors were net buyers at 6.27 million pounds, and 2.35 million pounds, respectively.

Egyptian and Arab individuals were net buyers at 12.13 million pounds, and 12.53 million pounds, respectively, while foreign individuals were net sellers at 374,079 pounds.

Egyptian and Arab organizations bought at 5.85 million pounds and 21.16 million pounds, respectively, while foreign organisations sold at 2.72 million pounds.

Egyptians Housing Development and Reconstruction, Alexandria National Company for Financial Investment, and Rakta Paper Manufacturing were top gainers of the session by 6.42 percent, 6.30 percent and 3.98 percent, respectively.

Meanwhile, EL Ezz Aldekhela Steel – Alexandria, Ibnsina Pharma, and Grand Investment Capital were top losers of the session by 6.40 percent, 5.60 percent, and 4.53 percent, respectively.

EGX ended Monday’s session on mixed note, as: EGX 30 hiked 0.07 percent, while EGX50 decreased 0.59 percent, EGX 70 dipped 0.35 percent, and EGX 70 inched down 0.31 percent.