EGX flags in red, market cap. loses LE7.62B amid Arab, foreign organizations selling

CAIRO – 4 November 2021: The Egyptian Exchange (EGX) ended week in red, losing around LE 7.62 billion of market capitalization, amid Arab and foreign organizations selling.

The benchmark EGX30 decreased 0.62 percent, or 72.28 points, to end at 11,612.84 points.

The equally weighted index EGX 50 declined 1.44 percent, or 29.68 points, to end at 2,038.38 points.

The small and mid-cap index EGX 70 inclined 2.67 percent, or 59.3 points, to close at 2,194.73 points, and the broader index EGX100 dipped 1.98 percent, or 63.51 points, to close at 3,146.03 points.
 

Market capitalization lost around LE 7.62 billion, recording LE 735.21 billion, compared to LE 742.83 billion in Wednesday’s session.

The trading volume reached 292.47 million shares, traded through 33,893 transactions, with a turnover of LE 1.05 billion.

Egyptian investors were net buyers at LE 394.27 million, while Arab and foreign investors were net sellers at LE 5.82 million, and LE 375.46 million, respectively.

Arab and foreign individuals were net buyers at LE 1.62 million, and LE 5,757, respectively, while Egyptian individuals were net sellers at LE 46.83 million.

Arab and foreign organizations sold at LE 7.44 million, and LE 375.46 million, respectively, while Egyptian organizations bought at LE 428.11 million.

Wadi Kom Ombo Land Reclamation, Orascom Development Egypt, and Emerald Real Estate Investment were top gainers of the session at 4.09 percent, 3.51 percent and 3.02 percent, respectively.

Meanwhile, Zahraa Maadi Investment & Development, Ismailia Development and Real Estate Co, and Rowad Tourism (Al Rowad) were top losers of the session by 20 percent for each of them.

EGX ended Wednesday on mixed note as: EGX30 inched up 0.07 percent, while EGX 50 dipped 3.21 percent, EGX 70 inclined 3.79 percent, and EGX100 dipped 2.95 percent.