EGX ends Monday on mixed note, market cap. loses LE 1.4B

BY

Mon, 26 Jul 2021 - 04:01 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO - 26 July 2021: The Egyptian Exchange (EGX) ended Monday’s session in a semi-collective rise, losing around LE 1.42 billion of market capitalization, amid Egyptian and foreign selling.

 

 

The benchmark EGX30 decreased 0.45 percent, or 48.37 points, to end at 10,697.32 points.

 

 

On the other hand, the equally weighted index EGX 50 hiked 0.82 percent, or 18.57 points, to end at 2,284.28 points.

 

 

The small and mid-cap index EGX 70 climbed 1.12 percent, or 28.72 points, to close at 2,602.33 points, and the broader index EGX 100 jumped 0.71 percent, or 25.19 points, to close at 3,571.98 points.

 

 

 

Market capitalization lost around LE 1.42 billion, recording LE 692.76 billion, compared to LE 694.17 billion in Sunday’s session.

 

 

The trading volume reached 545.72 million shares, traded through 59,833 transactions, with a turnover of LE 1.73 billion.

 

Arab investors were net buyers at LE 19.56 million, while Egyptian and foreign investors were net sellers at LE 7.38 million, and LE 12.18 million, respectively.

 

 

 

Egyptian, Arab and foreign individuals were net buyers at LE 67.52 million, LE 15.54 million, and LE 13.51 million, respectively.

 

 

Egyptian and foreign organizations sold at LE 74.98 million, and LE 25.68 million, respectively, while Arab organizations bought at LE 4.02 million.

 

Development & Engineering Consultants, Amer Group Holding, and Gharbia Islamic Housing Development were top gainers of the session at 9.32 percent, 9.25 percent and 8.22 percent, respectively.

 

Meanwhile, El Arabia for Land Reclamation, National Bank of Kuwait- Egypt- NBK, and Housing & Development Bank were top losers of the session by 8.29 percent, 7.49 percent, and 7.48 percent, respectively.

 

 

 

EGX was off starting from Monday 19th of July till Saturday 24th of July for the celebration of Eid al-Adha Al Mubarak & 23rd of July.

 

Eid al-Adha is the latter of the two official Islamic holidays celebrated within Islam. It honours the willingness of Ibrahim to sacrifice his son Ismail as an act of obedience to God's command. Before Ibrahim could sacrifice his son, however, Allah provided a lamb to sacrifice instead.

 

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