CAIRO - 19 March 2024: The Egyptian Exchange (EGX) continued its downtrend during Tuesday’s session, losing around LE 16.43 billion of the market capitalization, amid foreign selling.
The benchmark EGX30 decreased 1.43 percent, or 415.59 points, to end at 28,675.7 points.
The small and mid-cap index EGX 70 dipped 1.16 percent, or 73.01 points, to close at 6,211.56 points.
Furthermore, the broader index EGX 100 declined 0.73 percent, or 66.27 points, to 8,956.83 points.
Market capitalization lost around LE 16.43 billion, recording LE 1.888 trillion, compared to LE 1.905 trillion in Monday’s session.
The trading volume reached 604.25 million shares, traded through 102,195 transactions, with a turnover of LE 3.97 billion.
Foreign investors were net sellers at LE 388.23 million, while Egyptian and Arab investors were net buyers at LE 221.67 million, and LE 166.55 million, respectively.
El Ezz Porcelain (Gemma), Six of October Development & Investment (SODIC), and Nasr Company for Civil Works were top gainers of the session at 19.99 percent, 16.03 percent, and 10.84 percent, respectively.
Meanwhile, National Housing for Professional Syndicates, Misr Hotels, andThe Egyptian Modern Education Systems were top losers of the session by 18.02 percent, 14.64 percent, and 8.47 percent, respectively.
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