EGX trading ends in the red on Monday

Cairo – December 23, 2024: The Egyptian Exchange (EGX) tumbled into the red during Monday trading, closing the session with a market cap. loss of LE 24 billion.

Benchmark index EGX 30 continued to fall on Monday, slipping by 0.84 percent to hit 30,118.38 points. The Shariah index maintained its downward trajectory with a drop of 0.94 percent to reach 3,094.34 points.

EGX 70 plummeted 2.67 percent to 8,227.2 points, followed by EGX 100 tumbling 2.25 percent to end the session at 11,298.43 points.

Monday trading reported 1.351 billion shares exchanged with a turnover of LE 3.128 billion.

Market capitalization was recorded at LE 2.199 trillion, compared to Sunday’s close of LE 2.223 trillion.

Trading on securities witnessed Egyptian and Arab traders as net sellers with LE 31.56 million and LE 77.16 million, respectively.  Foreign investors were net buyers with LE 108.73 million.

The top gains of the session were by South Cairo & Giza Mills & Bakeries which surged by 17.47 percent, Rubex International for Plastic and Acrylic Manufacturing by 14.8 percent, and Ismailia Development and Real Estate Co by 5 percent.