Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EGX Ends Trading with Collective Decline ... Market Cap Loses of EGP 119 Bln

Sun 25 Feb 2024 | 05:28 PM
A file photo of the Egyptian Exchange (EGX)
A file photo of the Egyptian Exchange (EGX)
Taarek Refaat

The Egyptian Stock Exchange (EGX) indices ended trading Sunday with a violent decline, with market losses of EGP 119 billion.

The main stock index "EGX30" fell by about 5.01% to closing at 27,840 points.

The EGX70 for small and medium-sized stocks lost about 3.95%, recording 7,544 points.

While, the broader EGX100 fell by 3.81%, closing at 10,403 points.

The total value of trading in shares amounted to EGP 9.19 billion, and the number of shares traded reached 208, of which 38 shares rose, 140 shares declined, while 30 shares remained unchanged.

The market cap of listed shares lost about EGP 119 billion, closing at the level of EGP 1.973 trillion compared to EGP 2.92 trillion at the previous closing level.

The transactions of Arab and foreign investors tended towards selling, with a net value of EGP 173.96 million and EGP 173.81 million, respectively, compared to a net purchase by Egyptian investors of EGP 347.78 million.