EGX flags in red Sunday, market cap. loses LE 7.4B

The Egyptian Exchange (EGX) ended Sunday in red, losing around LE 7.4 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dropped 1.34 percent, or 153.41 points, to end at 11,277.83 points.

The equally weighted index EGX 50 declined 1.33 percent, or 26.24 points, to end at 1,947.53 points.

The small and mid-cap index EGX 70 shrank 1.17 percent, or 24.44 points, to close at 2,058.26 points, and the broader index EGX100 decreased 1.29 percent, or 39.55 points, to close at 3,020.03 points.

Market capitalization lost around LE 7.4 billion, recording LE 714.27 billion, compared to LE 721.7 billion in Thursday’s session.

The trading volume reached 365.76 million shares, traded through 44,080 transactions, with a turnover of LE 774.85 million.

Foreign investors were net sellers at LE 32.55 million, while Egyptian and Arab investors were net buyers at LE 29.64 million, and LE 2.9 million, respectively.

Egyptian, Arab, and foreign  individuals were net sellers at LE 19.25 million, LE 4.16 million, and LE 448,390, respectively.

Egyptian and Arab organizations bought at LE 48.9 million, and LE 7.07 million, respectively, while foreign organizations sold at LE 32.1 million.

Mansourah Pourtly, Iron and Steel for Mines and Quarries, and Egyptian Real Estate Group, were top gainers of the session at 11.70 percent, 8.39 percent and 8.16 percent, respectively.

Meanwhile, the Arab Dairy Products Co. Arab Dairy – Panda, Egypt Aluminum, and Universal for Paper and Packaging Materials (Unipack) were top losers of the session by 11.25 percent, 7.89 percent, and 7.10 percent, respectively.