Arab, foreign selling keeps EGX in red zone Monday

CAIRO –  16 May 2022: The Egyptian Exchange (EGX) ended Monday’s trading in the red zone for the third session in a row, losing around LE 5.12 billion of market capitalization, amid Arab and foreign selling.

 

 

The benchmark EGX30 declined 0.69 percent, or 72.34 points, to end at 10,461.88 points.

 

 

 

The equally weighted index EGX 50 decreased 0.31 percent, or 4.76 points, to end at 1,836.48 points. 

 

 

The small and mid-cap index EGX 70 dipped 0.18 percent, or 3.31 points, to close at 1,821.85 points, and the broader index EGX 100 declined 0.30 percent, or 8.37 points, to close at 2,758.37 points.

 

 

Market capitalization lost around LE 5.12 billion, recording LE 689.06 billion, compared to LE 694.17 billion in Sunday’s session.

 

 

 

The trading volume reached 235.44 million shares, traded through 31,163 transactions, with a turnover of LE 817.87 million.

 

 

Egyptian investors were net buyers at LE 136.43 million, while Arab and foreign investors were net sellers at LE 23.46 million, and LE 112.96 million, respectively.

 

 

 

Arab and foreign individuals were net sellers at LE 15.8 million, and LE 1.89 million, respectively, while Egyptian individuals were net buyers at LE 59.92 million.

 

 

Arab and foreign organizations sold at LE 7.65 million,and LE 111.07 million, respectively, while Egyptian organizations bought at LE 76.5 million.

 

 

 

Canal Shipping Agencies,Export Development Bank of Egypt (EDBE), and El Arabia Engineering Industries were top gainers of the session at 6.32 percent, 5.22 percent and 5.22 percent, respectively.

 

 

Meanwhile, Societe Arabe Internationale De Banque (SAIB), Osool ESB Securities Brokerage, and Misr Duty Free Shops were top losers of the session by 16.25 percent, 14.52 percent, and 7.71 percent, respectively.