EGX starts 2022 on mixed note, market cap. loses LE1.23B

CAIRO – 2 January 2022: The Egyptian Exchange (EGX) started 2022 trading in a semi-collective rise, losing around LE 1.23 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 declined 0.33 percent, or 39.46 points, to end at 11,909.72 points.

On the other hand, the equally weighted index EGX 50 jumped 0.49 percent, or 10.3 points, to end at 2,108.12 points.

The small and mid-cap index EGX 70 hiked 1.88 percent, or 41.5 points, to close at 2,243.29 points, and the broader index EGX100 climbed 1.01 percent, or 32.95 points, to close at 3,288.16 points.

Market capitalization lost around LE 1.23 billion, recording LE 764.35 billion, compared to LE  765.57 billion in Thursday’s session.

The trading volume reached 271.7 million shares, traded through 32,525 transactions, with a turnover of LE 617.74 million.

Arab, and foreign investors were net sellers at LE 15.98 million, and LE 10.32 million, respectively, while Egyptian investors were net buyers at LE 26.31 million.

Egyptian and foreign individuals were net buyers at LE 20.8 million, and LE 4.23 million, respectively, while Arab individuals were net sellers at LE 14.66 million.

Arab and foreign organizations sold at LE 1.32 million, and LE 14.56 million, respectively, while Egyptian organizations bought at LE 5.49 million.

Sharm Dreams Co. for Tourism Investment, the Arab Dairy Products Co. Arab Dairy - Panda, and Arab Real Estate Investment CO.-ALICO were top gainers of the session at 13.57 percent, 11.31 percent and 9.17 percent, respectively.

Meanwhile, Alexandria Pharmaceuticals, Misr Fertilizers Production Company - Mopco, and Memphis Pharmaceuticals were top losers of the session by 6.45 percent, 4.31 percent, and 3.33 percent, respectively.