The Egyptian Exchange (EGX) ended Wednesday’s session in a collective regression, losing around LE 13.37 billion of the market capitalization, amid Egyptian organizations selling.
The benchmark EGX30 declined 1.54 percent, or 262.25 points, to end at 16,777.2 points.
The equally weighted index EGX 50 dropped 1.99 percent, or 57.88 points, to end at 2,847.88 points.
The small and mid-cap index EGX 70 decreased 1.49 percent, or 44.33 points, to close at 2,936.76 points, and the broader index EGX 100 dipped 1.69 percent, or 75.47 points, at 4,387.47 points.
Market capitalization lost around LE 13.37 billion, recording LE 1.068 trillion, compared to LE 1.082 trillion in Tuesday’s session.
The trading volume reached 441.72 million shares, traded through 69,494 transactions, with a turnover of LE 1.68 billion.
Egyptian investors were net sellers at LE 61.13 million, while Arab and foreign investors were net buyers at LE 32.67 million, and LE 28.45 million, respectively.
Egyptian and Arab individuals were net buyers at LE 49.28 million, and LE 15.88 million, respectively, while foreign individuals were net sellers at LE 181,736.
Arab and foreign organizations bought at LE 16.79 million, and LE 28.63 million, respectively, while Egyptian organizations sold at LE 110.41 million.
Egyptian Arabian(Themar)Comp. for Securities&Bonds Brok. EAC, Canal Shipping Agencies, and Atlas for Investment and Food Industries were top gainers of the session at 19.85 percent, 8.87 percent and 6.27 percent, respectively.
Meanwhile, Gharbia Islamic Housing Development, Belton Financial Holding, and Wadi Kom Ombo Land Reclamation were top losers of the session by 7.74 percent, 6.43 percent, and 5.93 percent, respectively.
Source: Egypt Today Magazine