CAIRO - 19 November 2024: The Egyptian Exchange (EGX) traded in the red zone for the third consecutive session during Tuesday, losing around LE 10.23 billion of market capitalization, driven by local selling.
The benchmark EGX30 declined 0.57 percent, or 176.04 points, closing at 30,688.3 points.
The small and mid-cap index EGX 70 dropped by 0.25 percent, or 20.67 points, to finish at 8,282.36 points.
Furthermore, the broader index, EGX 100, dipped 0.30 percent, or 34.21 points, ending at 11,468.97 points.
Market capitalization lost around LE 10.23 billion, reaching LE 2.241 trillion compared to LE 2.251 trillion in the previous session.
Trading volume totaled 1.37 billion shares across 96,216 transactions, with a turnover of LE 4.47 billion.
Egyptian investors were net sellers at LE 1.63 billion, while Arab and foreign investors were net buyers at LE 1.59 billion and LE 41.22 million, respectively.
Engineering Industries (ICON), Act Financial, and Sharkia National Food were the top gainers of the session, each rising by 10.66 percent, 9.14 percent, and 8.91 percent, respectively.
On the other hand, El-Nile Co. for Pharmaceuticals and Chemical Industries, Egypt Aluminum, and Egyptian Iron & Steel, were the top losers, declining by 8.92 percent, 5.41 percent, and 5 percent, respectively.
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