EGX flags in red during Thursday, market cap. loses LE7.05B

CAIRO –  23 June 2022: The Egyptian Exchange (EGX) ended the last session of the week in the red zone, losing around LE 7.05 billion of market capitalization, amid foreign sellings.

 

 

The benchmark EGX30 slipped 1.80 percent, or 173.05 points, to end at 9,439.85 points.

 

 

The equally weighted index EGX 50 decreased 1.06 percent, or 18.09 points, to end at 1,695.45 points.

 

 

The small and mid-cap index EGX 70 declined 1.21 percent, or 21.7 points, to close at 1,778.8 points, and the broader index EGX 100 dropped 1.21 percent, or 32.09 points, to close at 2,629.46 points.

 

 

Market capitalization lost around LE 7.05 billion, recording LE 635.32 billion, compared to LE 642.37 billion in Wednesday’s session.

 

 

The trading volume reached 237.77 million shares, traded through 22,520 transactions, with a turnover of LE 385.77 million.

 

 

Foreign investors were net sellers at LE 82.49 million, while Egyptian and Arab investors were net buyers at LE 76.39 million, and LE 6.1 million, respectively.

 

 

Arab, and foreign individuals were net sellers at LE 1.09 million, and LE 659,596, respectively, while Egyptian individuals were net buyers at LE 13.47 million.

 

 

Egyptian and Arab organizations bought at LE 62.93 million, and LE 7.19 million, respectively, while foreign organizations sold at LE 81.84 million.

 

 

Egyptian Chemical Industries (Kima), Abu Dhabi Islamic Bank- Egypt, and Misr Chemical Industries were top gainers of the session at 2.79 percent, 2.59 percent and 1.94 percent, respectively.

 

 

Meanwhile, Delta Construction & Rebuilding, Alexandria Spinning & Weaving (SPINALEX), and Universal For Paper and Packaging Materials (Unipack) were top losers of the session by 8.27 percent, 7.01 percent, and 5.26 percent, respectively.