EGX ends Sunday in red, market cap. loses LE1.44B

CAIRO – 14  February 2021: The Egyptian Exchange (EGX) ended trading on Sunday in the red zone, losing LE 1.44 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 declined 0.34 percent, or 39.6 points, to end at 11,506.72 points.

The equally weighted index EGX 50 dipped 0.70 percent, or 17.09 points, to end at 2,417.51 points.

The small and mid-cap index EGX 70 decreased 0.55 percent, or 13.39 points, to close at 2,439.38 points, and the broader index EGX 100 lessened 0.54 percent, or 18.93 points, to close at 3,469.25points

Market capitalization lost around LE 1.44 billion, recording LE 706.44 billion, compared to LE 707.88  billion in Thursday’s session.

The trading volume reached 542.35 million shares, traded through 54,065 transactions, with a turnover of LE 1.53 billion. 

Egyptian investors were net buyers at LE 28.38 million, while Arab and foreign investors were net buyers at LE 6.42 million, and LE 21.96 million, respectively.

Arab and foreign individuals were net sellers at LE 6.08 million, and LE 3.08, respectively, while Egyptian individuals were net buyers at LE 34.93 million.

Egyptian, Arab and foreign organizations sold at LE 6.55 million, LE 331,166, and LE 18.87 million, respectively.

El Ahli Investment and Development, Golden Textiles & Clothes Wool, and Rubex International for Plastic and Acrylic Manufacturing were top gainers of the session at 11.61 percent, 9.85 percent and 9.83 percent, respectively. 

Meanwhile, Raya Holding For Financial Investments, Minapharm Pharmaceuticals, and Wadi Kom Ombo Land Reclamation were top losers of the session by 8.73 percent, 7.02 percent, and 6.82percent, respectively.

On Thursday, EGX ended the session in green, EGX30 inched up 0.01 percent, EGX 50 hiked 0.77 percent, EGX 70 jumped  0.73 percent, and EGX 100 climbed 0.56 percent.