Egyptian Stock Exchange Closes Sharply Lower Amid Foreign and Arab Selling
The Egyptian Exchange (EGX) closed sharply lower on Sunday, with all major indices retreating amid selling pressures from Arab and foreign investors, wiping out EGP 39 billion in market capitalization.
The benchmark EGX30 fell 2.23% to 40,898 points, while the mid-cap EGX70 dropped 0.2% to 13,099 points. The broader EGX100 also declined by 0.47% to 17,343 points.
Egyptian investors were net buyers, purchasing EGP 41.344 million worth of shares, while Arab and foreign investors were net sellers of EGP 14.750 million and EGP 26.593 million, respectively.
Trading value reached EGP 4.629 billion, with a total volume of 1.999 billion shares exchanged across 155,270 transactions involving 216 listed companies.
The EGX’s total market capitalization closed at EGP 2.959 trillion, down from EGP 2.998 trillion in the previous session on Wednesday, representing a loss of EGP 39 billion. During the session, 62 stocks closed higher, 137 declined, and 18 remained unchanged.