EGX continues downtrend during Monday, market cap. loses LE133.48B

CAIRO - 18 March 2024: The Egyptian Exchange (EGX) continues its downtrend during Monday’s session, losing around LE 133.48 billion of the market capitalization, amid local and Arab selling.

 

The benchmark EGX30 decreased 6.34 percent, or 1,970.59 points, to end at 29,091.29 points.

 

The small and mid-cap index EGX 70 dipped 7.85 percent, or 535.31 points, to close at 6,284.57 points.

 

Furthermore, the broader index EGX 100 declined 7.62 percent, or 744.2 points, to 9,023.1 points.

  

Market capitalization lost around LE 133.48 billion, recording LE 1.905 trillion, compared to LE 2.038 trillion in Sunday’s session.

 

The trading volume reached 742.34 million shares, traded through 130,268 transactions, with a turnover of LE 4.29 billion.

 

Foreign investors were net buyers at LE 221.07 million, while Egyptian and Arab investors were net sellers at LE 221.07 million, and LE 5.66 million, respectively.

 

Dice Sport & Casual Wear, Arab Pharmaceuticals, and Egyptians Housing Development & Reconstruction were top gainers of the session at 7.06 percent, 3.51 percent, and 0.94 percent, respectively.

 

Meanwhile, El Ezz Porcelain (Gemma), Nasr Company for Civil Works, and Iron And Steel for Mines and Quarries were top losers of the session by 19.07 percent, 17.98 percent, and 16.08 percent, respectively.