EGX starts week in red zone, market cap. loses LE8.33B

CAIRO - 17 November 2024: The Egyptian Exchange (EGX) started the week in the red zone, losing around LE 8.33 billion of market capitalization, driven by Arab and foreign selling.

 

The benchmark EGX30 declined 0.67 percent, or 210.14 points, closing at 31,252.07 points.

 

The small and mid-cap index EGX 70 inched down by 0.04 percent, or 3.54 points, to finish at 8,403.85 points.

 

Furthermore, the broader index, EGX 100, dipped 0.19 percent, or 22.74 points, ending at 11,644.97 points.

 

Market capitalization decreased by around LE 8.33 billion, reaching LE 2.272 trillion compared to LE 2.281 trillion in the previous session.

 

Trading volume totaled 1.24 billion shares across 95,512 transactions, with a turnover of LE 1.24 billion.

 

Egyptian investors were net buyers at LE 65.52 million, while Arab and foreign investors were net sellers at LE 49.81 million and LE 15.7 million, respectively.

 

Samad Misr -EGYFERT, Arab Valves Company, and El Obour Real Estate Investment were the top gainers of the session, each rising by 20 percent, 9.36 percent, and 9.24 percent, respectively.

 

On the other hand, Act Financial, El-Nile Co. for Pharmaceuticals and Chemical Industries–Nile1, and Mena Touristic & Real Estate Investment, were the top losers, declining by 4.05 percent, 4.03 percent, and 3.10 percent, respectively.