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Collective Decline in EGX Indices in Morning Trading, EGX30 Drops 1.7%

Collective Decline in EGX Indices in Morning Trading, EGX30 Drops 1.7%

Rana Mamdouh _ The Egyptian Exchange (EGX) indices opened Thursday's session with a collective decline, as the main index EGX30 fell by 1.71%, trading at the level of 51,948 points.

The equal-weight indices EGX70 and EGX100 dropped by 1.66% and 1.64%, respectively.

Trading Volumes Record EGP 968.87 Million

Trading turnover on the Egyptian Exchange reached EGP 968.870 million across 215 companies, executed through 31.424 thousand transactions.

Market prices of 151 companies declined, while 18 companies advanced, and 46 companies remained unchanged.

Egyptian and Arab Investors Net Buyers, Foreigners Net Sellers

Foreign investors leaned toward selling, recording a net sell value of EGP 60.130 million, comprising EGP 58.914 million from institutions and EGP 1.216 million from individuals.

Egyptian investors' transactions trended toward buying, achieving a net buy value of EGP 55.209 million, supported by retail investors who recorded net buys of EGP 68.021 million, against EGP 12.811 million net sales by institutions.

Arab investors recorded net buys of EGP 4.920 million, supported by retail investors who achieved net buys of EGP 6.218 million, compared to EGP 1.298 million net sales by institutions.

Suez Canal Company for Technology Settling Tops Gainers Rising 10.03%

Suez Canal Company for Technology Settling led the top gainers list, surging 10.03%, followed by Egypt Free Shops by 7.35%, and Tycoon Investment Holding by 6.38%.

Marseille Almasreia Alkhalegeya Tops Losers Dropping 6.53%

On the top losers side, Marseille Almasreia Alkhalegeya for Real Estate Investment led the list, dropping 6.53%, followed by Delta Printing & Packaging by 4.76%, and El Nasr Clothing and Textiles – KABO by 4.75%.

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