Rana Mamdouh _ The losses of the Egyptian Exchange indices widened in Thursday's midday trading, as the benchmark index EGX30 retreated by 2.49%, trading at the level of 51,539 points.
The equal-weighted indices EGX70 and EGX100 also declined by 2.81% and 2.64% respectively.
The shares of MNT Tech Holding for Financial Investments, known as MNT Halan, dropped on their third trading day by 3.02%, trading at EGP 25.02 compared to an opening price of EGP 25.8, and against the IPO price of EGP 24.5 per share.
Trading Volumes Record EGP 3.38 Billion
Trading on the Egyptian Exchange recorded EGP 3.377 billion, spanning 220 companies through 96,487 transactions.
The market prices of 185 companies' shares declined, compared to an increase in 18 companies, while the prices of 17 companies remained unchanged.
Selling Trend Dominates Arab and Foreign Trades, While Egyptians Tend to Buy
The selling trend dominated foreign investors' trades, recording a net of EGP 433.793 million, of which EGP 432.591 million was by institutions and EGP 1.201 million by individuals.
Arab investors' trades recorded a net sell of EGP 15.116 million, of which EGP 9.344 million was by individuals and EGP 5.771 million by institutions.
Egyptian investors' trades leaned towards buying, achieving a net of EGP 448.909 million, supported by individuals who recorded a net buy of EGP 565.468 million, versus a net sell of EGP 116.558 million by institutions.
Suez Canal Company for Technology Localization Tops the Gainers List by 18.96%
The Suez Canal Company for Technology Localization topped the list of top gainers by 18.96%, followed by Misr Duty Free Shops by 7.32%, and Alexandria Spinning and Weaving (Spinalex) by 6.93%.
Robex International Tops the Losers List by 9.99%
Regarding the top losers, Robex International for Plastic and Acrylic Manufacturing led the list by 9.99%, followed by Crestmark for Contracting and Real Estate Investment by 9.34%, and then Marseilia Egyptian Gulf Real Estate Investment by 9.20%.
