CAIRO - 18 November 2024: The Egyptian Exchange (EGX) traded in the red zone for the second consecutive session during Monday, losing around LE 21.51 billion of market capitalization, driven by local selling.
The benchmark EGX30 declined 1.24 percent, or 387.73 points, closing at 30,864.34 points.
The small and mid-cap index EGX 70 inched down by 1.20 percent, or 100.82 points, to finish at 8,303.03 points.
Furthermore, the broader index, EGX 100, dipped 1.22 percent, or 141.79 points, ending at 11,503.18 points.
Market capitalization lost around LE 21.51 billion, reaching LE 2.251 trillion compared to LE 2.272 trillion in the previous session.
Trading volume totaled 1.01 billion shares across 105,773 transactions, with a turnover of LE 3.53 billion.
Egyptian investors were net sellers at LE 185.66 million, while Arab and foreign investors were net buyers at LE 14.76 million and LE 170.89 million, respectively.
Mena Touristic & Real Estate Investment, Egyptian Gulf Marseilia for Real Estate Investment, and El-Nile Co. for Pharmaceuticals and Chemical Industries–Nile1 were the top gainers of the session, each rising by 19.93 percent, 18.72 percent, and 10.44 percent, respectively.
On the other hand, Alexandria Pharmaceuticals, Samad Misr -EGYFERT, and Alexandria New Medical Center, were the top losers, declining by 10.13 percent, 8.97 percent, and 6.39 percent, respectively.
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