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Sept 3 | EGX tumbles in the red after record-breaking streak

Sunday trading saw 867.60 million shares exchanged with a turnover of EGP 1.61 billion. Market capitalization was recorded at EGP 1.268 trillion

By: Business Today Egypt

Sun, Sep. 3, 2023

The Egyptian Exchange (EGX) kicked the first week of September trading in the red, with benchmark index EGX 30 dropping by 0.78% to 18,726.01 points after a record-breaking 3-day streak last week.

EGX 70 was down by 0.45% to 3,812.36 points followed by EGX 100 which dropped by 0.56% to 5,566.59 points.

Sunday trading saw 867.60 million shares exchanged with a turnover of EGP 1.61 billion. Market capitalization was recorded at EGP 1.268 trillion.

Trading on securities saw Egyptian and foreign investors as net sellers with EGP 37.96 million and EGP 8.40 million, respectively. Arab investors were net buyers with EGP 46.36 million.

The top gains of the session were by Misr Duty Free Shops which surged by 15.69%, El Arabia Engineering Industries by 15.36%, and Sinai Cement by 11.45%.

The largest losses of the session were by Golden Textiles & Clothes Wool which dropped by 10.57%, Ismailia Misr Poultry by 7%, and Ceramic & Porcelain by 5.92%.