Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EGX Loses EGP 8.7 Million in Ramadan's 1st Session


Tue 13 Apr 2021 | 10:57 PM
Taarek Refaat

The Egyptian Stock Exchange (EGX) indices lost EGP 8.74 billion of market-cap at the end of trading on Tuesday - the first session of Ramadan - amid rapid profit-taking sales of foreign investors.

The benchmark EGX 30 index dropped by 1.38% to close at 10305 points.

The share of Commercial International Bank (COMI), which has the largest relative weight in the market with a trading value of EGP 310 million, declined by 2.21% to EGP 54 per share, the lowest level since December 2018.

The broader EGX 70 index of leading SMEs EWI 70 fell by 2.4% to end the session at 1922 points, while The all-embracing EGX 100 index with  equal weights fell 1.97% at 2854 points.

EGX50 also declined by 1.69% to close at 1994 points.

The market-cap declined during today's session by EGP 8.7 billion to close at EGP 644.471 billion.

The purchases of Egyptian and Arab investors reached EGP 111.8 million and EGP 24.2 million, respectively, while foreigners' sales reached EGP 136 million.

The value of trading on the listed shares reached EGP 995.9 million with a turnover of about 399.8 million shares.