EGX ends Monday in red, market cap. loses LE 6.56B

CAIRO –  9 May 2022: The Egyptian Exchange (EGX) ended Monday’s session in the red zone, losing around LE 6.56 billion of market capitalization, amid Arab and foreign selling.

 

 

 

The benchmark EGX30 declined 1.82 percent, or 202.5 points, to end at 10,906.72 points.

 

 

 

The equally weighted index EGX 50 dipped 0.96 percent, or 18.47 points, to end at 1,897.74 points. 

 

 

The small and mid-cap index EGX 70 dropped 1.05 percent, or 19.78 points, to close at 1,861.06 points, and the broader index EGX 100 decreased 1.01 percent, or 29.03 points, to close at 2,832.99 points.

 

 

Market capitalization lost around LE 6.56 billion, recording LE 711.91 billion, compared to LE 718.47 billion in Sunday's session.

 

 

 

The trading volume reached 404.03 million shares, traded through 41,951 transactions, with a turnover of LE 404.03 million.

 

 

Egyptian investors were net buyers at LE 146.03 million, while Arab and foreign investors were net sellers at LE 12.36 million, and LE 133.67 million, respectively.

 

 

 

Egyptian and foreign individuals were net buyers at LE 33.45 million, and LE  3.26 million, respectively, while Arab individuals were net sellers at LE 20.41 million.

 

 

Egyptian and Arab organizations bought at LE 112.58 million, and LE 8.05 million, respectively, while foreign organizations sold at LE 136.94 million.

 

 

 

Egyptian Gulf Bank, Atlas for Investment and Food Industries, and Orascom Development Egypt were top gainers of the session at 11.11 percent, 7.78 percent and 5.13 percent, respectively.

 

 

 

Meanwhile, Samad Misr -EGYFERT, Minapharm Pharmaceuticals, and Egypt Aluminum were top losers of the session by 6.45 percent, 5.73 percent, and 5.70 percent, respectively.