EGX ends week in red, market cap. loses LE12.11B

CAIRO –  12 May 2022: The Egyptian Exchange (EGX) ended Thursday’s session in the red zone, losing around LE 12.11 billion of market capitalization, amid foreign selling.

 

 

 

The benchmark EGX30 declined 1.63 percent, or 176.95 points, to end at 10,678.98 points.

 

 

 

The equally weighted index EGX 50 decreased 1.73 percent, or 32.81 points, to end at 1,862.57 points. 

 

 

The small and mid-cap index EGX 70 dipped 1.63 percent, or 30.42 points, to close at 1,832.91 points, and the broader index EGX 100 declined 1.71 percent, or 48.56 points, to close at 2,786.09 points.

 

 

Market capitalization lost around LE 12.11 billion, recording LE 700.09 billion, compared to LE 712.2 billion in Wednesday’s session.

 

 

 

The trading volume reached 324.88 million shares, traded through 36,759 transactions, with a turnover of LE 957.76 million.

 

 

Foreign investors were net sellers at LE 81.43 million, while Egyptian and Arab investors were net buyers at LE 56.13 million, and LE 25.3 million, respectively.

 

 

 

Arab and foreign individuals were net sellers at LE 11.1 million, and LE 2.47 million, respectively, while Egyptian individuals were net buyers at LE 35.88 million.

 

 

Egyptian and Arab organizations bought at LE 20.25 million,and LE 36.4 million, respectively, while foreign organizations sold at LE 78.96 million.

 

 

 

Arab Cotton Ginning, International Agricultural Products, and CI Capital Holding for Financial Investments were top gainers of the session at 5.45 percent, 4.64 percent and 3.52 percent, respectively.

 

 

 

Meanwhile, Wadi Kom Ombo Land Reclamation, El Arabia Engineering Industries, and El Kahera Housing were top losers of the session by 5.75 percent, 5.73 percent, and 5.42 percent, respectively.