Egypt’s stock market closes red on 10/12/2023

Egypt’s stock market closed low on Sunday, with the main index, EGX30, dropping by -2.01 percent to 24,189.83, losing 496.33 points.

The small and mid-sized enterprises’ index, EGX70, also went down by -1.74 percent to 5,194.73, losing 91.76 points. The EGX100 fell by -1.76 percent to 7,547.07, losing 134.89 points.

Egypt’s market cap recorded about 1.626 trillion Egyptian pounds by the end of the day’s trade, compared to 1.663 trillion pounds in last weekend’s trade on Thursday; losing about 37 billion pounds.

The transactions of foreigners and Arab investors tended towards selling, with a total of 42.6 million pounds, and 18.8 million pounds, respectively. While the Egyptians’ transactions went towards buying with a total of 61.4 million pounds.

The total exchange value reached around 3.3 billion pounds, with a total amount of 1.4 billion securities executed 134.7 thousand transactions.

The highest-priced stocks on Sunday:

International Co. for Agricultural Corps (IFAP.CA) went up by 19.99 percent, to trading value of 22.93 pounds.

Misr Beni Suef Cement (MBSC.CA) jumped by 10.6 percent to 48.74 pounds.

General Company for Silos and Storage (GSSC.CA) surged by 8.3 percent, reaching 132.11 pounds.

Egyptian for Developing Building Materials – Lifeslab (EDBM.CA) climbed by 6.34 percent to 0.302 pounds.

Arab Real Estate Investment – ALICO (RREI.CA) soared by 5.5 percent, at purchasing price of 0.998 pounds.

The lowest-priced stocks on Sunday:

TAQA Arabia (TAQA.CA) dropped by – 11.24 percent, trading at 13.66 pounds.

United Arab Shipping Company (UASC.CA) went down by -11.09 percent, to 0.914 pounds.

Misr Fertilizers Production Co – MOPCO (MFPC.CA) fell by -10.07 percent, at a purchasing price of 446.07 pounds.

ASEC Co for Mining (ASCM.CA) declined by -10.06 percent to 51.49 pounds.

Al Ahly for Development and Investment (AFDI.CA) fell back by -10.03 percent, to 32.04 pounds.