CAIRO - 12 November 2024: The Egyptian Exchange (EGX) ended Tuesday’s session in the red zone, despite adding around LE 1.99 billion to market capitalization, driven by local and Arab selling.
The benchmark EGX30 inched down 0.12 percent, or 38.9 points, closing at 31,582.39 points.
The small and mid-cap index EGX 70 decreased by 0.34 percent, or 28.22 points, to finish at 8,351.9 points.
Furthermore, the broader index, EGX 100, dipped 0.25 percent, or 29.57 points, ending at 11,638.54 points.
However, Market capitalization increased by around LE 1.99 billion, reaching LE 2.278 trillion compared to LE 2.276 trillion in the previous session.
Trading volume totaled 1.94 billion shares across 118,821 transactions, with a turnover of LE 4.52 billion.
Foreign investors were net buyers at LE 126.05 million, while Egyptian and Arab investors were net sellers at LE 123.92 million and LE 2.13 million, respectively.
Upper Egypt Flour Mills, Suez Canal Bank S.A.E, and East Delta Flour Mills were the top gainers of the session, each rising by 19.97 percent, 12.09 percent, and 11.80 percent, respectively.
On the other hand, Saudi Egyptian Investment & Finance, October Pharma, and South Valley Cement were the top losers, declining by 5.97 percent, 5.93 percent, and 5.03 percent, respectively.
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