EGX ends Sunday in red, market cap. loses LE8.1B

CAIRO –  19 June 2022: The Egyptian Exchange (EGX) ended Sunday’s session in the red zone, losing around LE 8.09 billion of market capitalization, amid foreign selling.

 

 

The benchmark EGX30 declined 1.40 percent, or 138.56 points, to end at 9,728.19 points.

 

 

The equally weighted index EGX 50 dipped 1.26 percent, or 22.14 points, to end at 1,732.18 points.

 

 

 

The small and mid-cap index EGX 70 decreased 1.82 percent, or 33.69 points, to close at 1,820.49 points, and the broader index EGX 100 inched down 1.63 percent, or 44.68 points, to close at 2,693.9 points.

 

 

 

Market capitalization lost around LE 8.09 billion, recording LE 649.56 billion, compared to LE 657.65 billion in Thursday’s session.

 

 

The trading volume reached 338.08 million shares, traded through 26,502 transactions, with a turnover of LE 431.44 million.

 

 

Foreign investors were net sellers at LE 54.01 million, while Egyptian and Arab investors were net buyers at LE 47.07 million, and LE 6.93 million, respectively.

 

 

Egyptian and foreign individuals were net sellers at LE 6.27 million, LE 101,102, respectively, while Arab individuals were net buyers at LE 5.9 million.

 

 

Egyptian and Arab organizations bought at LE 53.35 million,and LE111.02 million, respectively, while foreign organizations sold at LE 53.91 million.

 

 

Gulf Canadian Real Estate Investment Co., Belton Financial Holding, and Abu Dhabi Islamic Bank- Egypt were top gainers of the session at 4.97 percent, 3.50 percent and 3.50 percent, respectively.

 

 

Meanwhile, Arab Pharmaceuticals, Al Khair River For Development Agricultural Investment & Envir, and Natural Gas & Mining Project (Egypt Gas) were top losers of the session by 20 percent, 15.26 percent, and 7.29 percent, respectively.