CAIRO – 13 March 2023: The Egyptian Exchange (EGX) ended Monday in a collective regression for the second session in a row, losing around LE 35.05 billion of the market capitalization, amid foreign selling.
The benchmark EGX30 dropped 3.13 percent, or 498.39 points, to end at 15,438.5 points.
The equally weighted index EGX 50 declined 4.83 percent, or 133.92 points, to end at 2,638.37 points.
The small and mid-cap index EGX 70 dipped 7.29 percent, or 216.24 points, to close at 2,749.43 points, and the broader index EGX 100 decreased 6.25 percent, or 271.94 points, at 4,075.75 points.
Market capitalization lost around LE 35.05 billion, recording LE 1.002 trillion, compared to LE 1.037 trillion in Sunday’s session.
The trading volume reached 568.27 million shares, traded through 74,858 transactions, with a turnover of LE 2.22 billion.
Foreign investors were net sellers at LE 352.75 million, while Egyptian and Arab investors were net buyers at LE 305.45 million, and LE 47.29 million, respectively.
Egyptian, Arab and foreign individuals were net sellers at LE 79.34 million, LE 6.53 million, and LE 460,256, respectively.
Egyptian and Arab organizations bought at LE 384.79 million, and LE 53.82 million, respectively, while foreign organizations sold at LE 352.3 million.
E-finance for Digital and Financial Investments,Orascom Construction PLC, and Edita Food Industries S.A.E were top gainers of the session at 1.43 percent, 0.53 percent and 0.43 percent, respectively.
Meanwhile, Northern Upper Egypt Development & Agricultural Production, Wadi Kom Ombo Land Reclamation, and Egyptian Media Production City were top losers of the session by 16.40 percent, 15.46 percent, and 14.90 percent, respectively.
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