Egypt’s bourse market cap loses $40.2 million Monday

The Egyptian Exchange (EGX) ended Monday’s session on mixed note, and market capitalisation lost  652.41 million Egyptian pounds ($40.7 million) amid foreign purchases.

The benchmark EGX 30 hiked 0.07 percent, or 9.78 points, to close at 13,902.43 points.

On the other hand, the equally weighted index EGX 50 decreased 0.59 percent, or 11.68 points, to end at 1,962.43 points.

Moreover, the small and mid-cap index EGX 70 dropped 0.35 percent, or 1.85 points, to close at 528.34 points, the broader index EGX 100 inched down 0.31 percent, or 4.27points to 1,390.74 points.

Market capitalisation lost 652.41 million pounds, recording 701.72 billion pounds, compared to 702.37 billion pounds in Sunday’s session.

The trading volume reached 84.36 million shares, traded through 14,465 transactions, with a turnover of 1.17 billion pounds.

Foreign investors were net buyers at 97.77 million pounds, while Egyptian and Arab investors were net sellers at 95.15 million pounds and 2.62 million pounds, respectively.

Egyptian, Arab, and foreign individuals were net sellers at 42.21 million pounds, 4.39 million pounds, and 4.46 million pounds, respectively.

Arab and foreign organisations bought at 1.77 million pounds and 102.23 million pounds, respectively, while Egyptian organizations sold at 52.23 million pounds.

Sabaa International Co. for Pharmaceutical and Chemical, Alexandria National Co. for Financial Investment, and Gharbia Islamic Housing Development were top gainers of the session by 7.43 percent, 7.38 percent and 4.04 percent, respectively.

Meanwhile, Alexandria Spinning and Weaving, Arab Valves Co., and Universal For Paper and Packaging Materials (Unipack) were top losers of the session by 9.19 percent, 4.70 percent, and 4.22 percent, respectively.

EGX ended Sunday’s session in green, as: EGX 30 hiked 0.40 percent, EGX50 increased 0.15 percent, EGX70 climbed 0.12 percent, and EGX 70 inched up 0.12 percent.