Cairo – December 18, 2024: The Egyptian Exchange (EGX) dropped into red territory after a 3-day mixed performance streak, losing around LE 19.5 billion in market cap.
Benchmark index EGX 30 dropped by 0.32 percent during trading to close the session with 30,503.07 points. The Shariah index fell by 1.59 percent to reach 3,135.42 points.
EGX 70 saw a sharp decline of 1.88 percent to 8,419.91 points, followed by EGX 100 dived by 1.64 percent to end the session at 11,538.76 points.
Wednesday trading saw 1.213 billion shares exchanged with a turnover of LE 3.392 billion.
Market capitalization was recorded at LE 2.2280 trillion, compared to yesterday’s close of LE 2.2475 trillion.
Trading on securities saw Egyptian and Arab investors as net sellers with LE 95.37 million and LE 3.77 million, respectively. Foreign traders were net buyers with LE 99.14 million.
The top gains of the session were by Mohandes Insurance which climbed by 8.52 percent, Gulf Canadian Real Estate Investment Co. by 4.96 percent, and El Ahram Co. For Printing and Packing by 4.9 percent.
The largest losses of the session were by Orascom Development Egypt which dropped by 7.45 percent, Egyptian Gulf Marseilia for Real Estate Investment by 6.31 percent, and Medical Packaging Company by 5.67 percent.
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