Rana Mamdouh — The Egyptian Exchange indices ended Sunday's trading session in a collective decline, with the main index EGX30 falling by 2.63% to close at 50,896 points.
The equal-weighted indices EGX70 and EGX100 dropped by 6.58% and 5.75%, respectively.
Trading Volumes Record EGP 15.7 Billion
Trading on the Egyptian Exchange reached EGP 15.667 billion across 222 companies, through 286.190 thousand transactions.
Trading included the execution of the public and private offering of 320 million shares, representing 20% of the issued capital of MNT-Halan, at a price of EGP 24.50 per share across two tranches (public and private) with a total value of EGP 7.840 billion.
Market prices of 206 companies' shares declined, compared to an increase in 7 companies, while the prices of 9 companies remained unchanged.
Egyptian and Arab Investors' Transactions Trend Toward Buying, While Foreigners Tend to Sell
Selling pressure dominated the transactions of foreign investors, who recorded a net of EGP 5.562 billion, pressured by institutions which achieved net sales worth EGP 5.569 billion compared to EGP 6.722 million in net purchases by individuals.
Egyptian investors' transactions trended toward buying, achieving a net of EGP 5.126 billion, of which EGP 3.402 billion was for institutions and EGP 1.724 billion for individuals.
Arab investors' transactions recorded a net purchase of EGP 436.381 million, of which EGP 359.854 million was for institutions and EGP 76.527 million for individuals.
Qara Company's Subscription Rights Share Tops the List of Top Gainers by 13.36%
The subscription rights share of Qara Energy Projects and Investment topped the list of top gainers with an increase of 13.36%, followed by Premium Health Care Group's share with 4.88%, and then the Saudi Egyptian Investment and Finance Company's share with 3.49%.
Arab Company for Metallic Industries Tops the List of Top Losers by 15.38%
Regarding the top losers, the share of the Arab Company for Metallic Industries and Industrial Investments topped the list with a decline of 15.38%, followed by Crestmark for Contracting and Real Estate Investment's share with 15.19%, and then Marseilia Egyptian Gulf Real Estate Investment's share with 13.01%.
