EGX ends week in red, market cap. loses LE 2.69B

CAIRO – 10 August 2023: The Egyptian Exchange (EGX) ended Thursday’s session in the red zone, losing around LE 2.69 billion of the market capitalization, amid foreign selling.

 

The benchmark EGX30 dropped 0.30 percent, or 53.43 points, to end at 17,710.2 points.

 

The small and mid-cap index EGX 70 declined 0.35 percent, or 12.55 points, to close at 3,579.69 points.

 

The broader index EGX 100 decreased 0.46 percent, or 24.18 points, to 5,287.1 points.

  

Market capitalization lost around LE 2.69 billion, recording LE 1.202 trillion, compared to LE 1.205 trillion in Wednesday's session.

 

The trading volume reached 646.82 million shares, traded through 56,398 transactions, with a turnover of LE 1.7 billion.

 

Foreign investors were net sellers at LE 48.48 million, while Egyptian and Arab investors were net buyers at LE 17.9 million, and LE 30.56 million, respectively.

 

Housing & Development Bank, Cairo Oils & Soap, and Memphis Pharmaceuticals were top gainers of the session at 10.72 percent, 7.69 percent and 4.58 percent, respectively.

 

Meanwhile, Arab Aluminum, Delta Construction & Rebuilding, and Egyptian Transport (EGYTRANS) were top losers of the session by 3.98 percent, 3.76 percent, and 3.37 percent, respectively.