The Egyptian Exchange (EGX) closed Wednesday’s session on a negative note, witnessing a decrease in market capitalization of approximately EGP 8.42 billion, with Arab and foreign investors predominantly selling.
The EGX30 benchmark index dropped by 0.89%, equivalent to 180.58 points, concluding the day at 20,174.28 points.
Similarly, the small and mid-cap EGX 70 index declined by 0.28%, or 10.57 points, settling at 3,785.08 points.
Furthermore, the broader EGX 100 index experienced a decrease of 0.44%, translating to 24.71 points, closing at 5,643.2 points.
The overall market capitalization witnessed a decline of around EGP 8.42 billion, reaching EGP 1.373 trillion compared to EGP 1.381 trillion in the previous Tuesday session.
Trading volume for the day reached 681.47 million shares, executed through 84,931 transactions, resulting in a total turnover of EGP 10.83 billion.
Among investors, Egyptian individuals and entities net purchased stocks worth EGP 26.05 million. In contrast, Arab and foreign investors were net sellers, with amounts of EGP 20.82 million and EGP 5.23 million, respectively.
Noteworthy gainers in the session included Samad Misr - EGYFERT, The Egyptian Modern Education Systems, and Kafr El Zayat Pesticides, with gains of 19.99%, 13.47%, and 5.39%, respectively.
Conversely, El Ahram Co. for Printing and Packing, Copper for Commercial Investment & Real Estate Development, and Tanmiya for Real Estate Investment were among the top losers in the session, experiencing declines of 4.34%, 4.29%, and 4.11%, respectively.
