CAIRO - 27 November 2024: The Egyptian Exchange (EGX) traded in the red zone during Wednesday’s session, losing around LE 27.61 billion of market capitalization, amid foreign selling.
The benchmark EGX30 declined 1.45 percent, or 438.31 points, closing at 29,846.04 points.
The small and mid-cap index EGX 70 decreased by 1.39 percent, or 116.13 points, to finish at 8,247.81 points.
The broader index, EGX 100, inched down 1.33 percent, or 152.92 points, ending at 11,329.18 points.
Market capitalization lost around LE 27.61 billion, reaching LE 2.199 trillion compared to LE 2.226 trillion in the previous session.
Trading volume totaled 975.84 million shares across 93,658 transactions, with a turnover of LE 2.78 billion.
Foreign investors were net buyers at LE 803.53 million, while Egyptian and Arab investors were net sellers at LE 517.17 million and LE 286.56 million, respectively.
Delta for Printing & Packaging, Misr Beni Suef Cement, and El Saeed Contracting & Real Estate Investment Company (SCCD) were the top gainers of the session, each rising by 10.22 percent, 7.18 percent, and 6.43 percent, respectively.
On the other hand, General Silos & Storage, Cairo Poultry, and Ezz Steel, were the top losers, declining by 7.18 percent, 5.59 percent, and 4.86 percent, respectively.
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