EGX starts week with mixed performance amid Egyptian selling

CAIRO – 14 March 2021: The Egyptian Exchange (EGX) ended Sunday on mixed note, losing LE 83.94 million of market capitalization, amid Egyptian selling.

The benchmark EGX30 hiked 0.25 percent, or 28.22 points, to end at 11,289.57 points.

The equally weighted index EGX 50 dipped 0.56 percent, or 12.65 points, to end at 2,238.17 points.

The small and mid-cap index EGX 70 dropped 0.42 percent, or 9.21 points, to close at 2,203.64 points, and the broader index EGX 100 dipped 0.29 percent, or 9.39 points, to close at 3,213.97 points.

Market capitalization lost around LE 83.94 million, recording LE 688.47 billion, compared to LE 688.56 billion in Thursday’s  session.

The trading volume reached 526.89 million shares, traded through 34,611 transactions, with a turnover of LE 897.3 million. 

Egyptian investors were net sellers at LE 7.21 million, while Arab and foreign investors were net buyers at LE 3.21 million, and LE 3.99 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 1.05 million, LE 564,547, and LE 2.79 million, respectively.

Arab and foreign organizations bought at LE 6.16 million, and LE 3.77 million, respectively, while Egyptian investors sold at LE 6.16 million.

El Obour Real Estate Investment, Fawry for Banking Technology and Electronic Payment, and Orascom Development Egypt were top gainers of the session at 9.67 percent, 6.78 percent and 6.05 percent, respectively. 

Meanwhile, Glaxo Smith Kline, the Egyptian Company for Construction Development-Lift Slab, and Societe Arabe Internationale De Banque (SAIB) were top losers of the session by 9.99 percent, 9.85 percent, and 9.09 percent, respectively.

On Thursday, it ended trading in green, as: EGX30 increased 0.23 percent, EGX 50 hiked 0.45 percent, EGX 70 climed 0.69 percent, and EGX 100 lessened 0.60 percent.