EGX flags in red during Monday session, market cap. loses LE 2.78B

CAIRO –  20 June 2022: The Egyptian Exchange (EGX) ended Monday’s session in the red zone, losing around LE 2.78 billion of market capitalization, amid foreign selling.

 

 

The benchmark EGX30 declined 0.49 percent, or 48.01 points, to end at 9,680.18 points.

 

 

The equally weighted index EGX 50 dipped 0.50 percent, or 8.58 points, to end at 1,723.6 points.

 

 

The small and mid-cap index EGX 70 decreased 0.82 percent, or 14.85 points, to close at 1,805.64 points, and the broader index EGX 100 inched down 0.74 percent, or 19.89 points, to close at 2,674.01 points.

 

 

Market capitalization lost around LE 2.78 billion, recording LE 646.77 billion, compared to LE 649.56 billion in Sunday’s session.

 

 

The trading volume reached 296.34 million shares, traded through 26,827 transactions, with a turnover of LE 615.37 million.

 

 

Foreign investors were net sellers at LE 193.39 million, while Egyptian and Arab investors were net buyers at LE 162.36 million, and LE 31.02 million, respectively.

 

 

Egyptian, Arab and foreign individuals were net buyers at LE 2.55 million, LE 7.55 million, and LE 3.73 million, respectively.

 

 

Egyptian and Arab organizations bought at LE 159.81 million,and LE 23.47 million, respectively, while foreign organizations sold at LE 197.12 million.

 

 

Medinet Nasr Housing, Al Khair River For Development Agricultural Investment & Envir, and Gulf Canadian Real Estate Investment Co. were top gainers of the session at 6.22 percent, 5.51 percent and 4.94 percent, respectively.

 

 

Meanwhile, Samad Misr -EGYFERT, Obour Land for Food Industries, and Ezz Steel were top losers of the session by 15.81 percent, 4.86 percent, and 4.51 percent, respectively.