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March 7| EGX ends Tuesday in red zone, market cap. loses LE19.97B

The benchmark EGX30 declined 2.21 percent, or 371.33 points, to end at 16,432.56 points.

By: Hanan Mohamed

Tue, Mar. 7, 2023

FILE - Egyptian Stock Market

The Egyptian Exchange (EGX) ended Tuesday’s session in the red zone, losing around LE 19.97 billion of the market capitalization, amid Arab and foreign selling.
The benchmark EGX30 declined 2.21 percent, or 371.33 points, to end at 16,432.56 points.
The equally weighted index EGX 50 dipped 2.04 percent, or 59.28 points, to end at 2,853.04 points.
Moreover, the small and mid-cap index EGX 70 decreased 1.86 percent, or 57.18 points, to close at 3,010.05 points, and the broader index EGX 100 dropped 1.92 percent, or 86.86 points, at 4,447.98 points.
Market capitalization lost around LE 19.97 billion, recording LE 1.062 trillion, compared to LE 1.082 trillion in Monday’s session.
The trading volume reached 455.98 million shares, traded through 70,006 transactions, with a turnover of LE 1.88 billion.
Egyptian investors were net buyers at LE 355.2 million, while Arab and foreign investors were net sellers at LE 50.57 million, and LE 304.6 million, respectively.
Egyptian, Arab and foreign individuals were net buyers at LE 61.68 million, LE 13.55 million, and LE 24,514, respectively.
Arab and foreign organizations sold at LE 64.12 million, and LE 304.65 million, respectively, while Egyptian organizations bought at LE 293.51 million.
Ceramic & Porcelain, International Agricultural Products, and Paint & Chemicals Industries (Pachin) were top gainers of the session at 14.44 percent, 8.48 percent and 4.89 percent, respectively.
Meanwhile, The Arab Dairy Products Co. Arab Dairy - Panda, Egyptian Financial & Industrial, and Delta For Printing & Packaging were top losers of the session by 7.71 percent, 7.64 percent, and 6.75 percent, respectively.