EGX continues trading in red zone for 3rd session in row



Tue, 21 Sep 2021 - 04:21 GMT


Tue, 21 Sep 2021 - 04:21 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 21 September 2021: The Egyptian Exchange (EGX) ended Tuesday in red for the third session in a row, losing around LE 14.55 billion of market capitalization, amid Egyptian selling.


The benchmark EGX30 declined 1.98 percent, or 212.04 points, to end at 10,498.52 points.


The equally weighted index EGX 50 dropped 3.46 percent, or 79.69 points, to end at 2,222.3 points.


The small and mid-cap index EGX 70 dipped 3.34 percent, or 89.9 points, to close at 2,598.96 points, and the broader index EGX 100 lessened 3.29 percent, or 120.1 points, to close at 3,535.65 points.


Market capitalization lost around LE 14.55 billion, recording LE 692.2 billion, compared to LE 706.75 billion in Monday’s session.


The trading volume reached 410.93 million shares, traded through 52,982 transactions, with a turnover of LE 1.51 billion.


Egyptian investors were net sellers at LE 86.03 million, while Arab and foreign investors were net buyers at LE 45.13 million, and LE 40.89 million, respectively.

Egyptian and Arab individuals were net buyers at LE 138.05 million, and LE 39.24 million, respectively, while foreign organizations were net sellers at LE 80,292.



Arab, and foreign organizations bought at LE 5.89 million, and LE 40.97 million, respectively, while Egyptian organizations bought at LE 224.07 million.


Ismailia Development and Real Estate Co, Rakta Paper Manufacturing, and International Co for Investment & Development were top gainers of the session at 7.72 percent, 5.59 percent and 4.44 percent, respectively.


Meanwhile, Misr Duty Free Shops, Ceramic & Porcelain, and Paint & Chemicals Industries (Pachin) were top losers of the session by 20.82 percent, 16.02 percent, and 14.63 percent, respectively.


EGX ended Monday in red, as: EGX30 dropped 1.64 percent, EGX20 decreased 2.65 percent, EGX 70 dipped 2.71 percent, and EGX 100 lessened 2.60 percent.





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