Rana Mamdouh _ The Egyptian Exchange (EGX) indices concluded Thursday's trading session in a collective decline, with the main index EGX30 dropping by 3.41% to close at 51,052 points.
The equal-weighted indices EGX70 and EGX100 declined by 3.09% and 3.2% respectively.
Shares of MNT Tech Holding for Financial Investments, currently known as MNT, fell by 3.10% on their third trading day, closing at EGP 25 compared to an opening price of EGP 25.8 and an IPO price of EGP 24.5 per share.
Trading Volumes Record EGP 8.19 Billion
The Egyptian Exchange recorded trades worth EGP 8.193 billion across 222 companies, through 218.299 thousand transactions.
Market prices of 190 companies' shares declined, compared to 20 advancing companies, while the prices of 13 companies remained unchanged.
Selling Trend Dominates Arab and Foreign Trades, While Egyptians Tend to Buy
Foreign investors' trades were dominated by a selling trend, recording a net value of EGP 425.538 million, pressured by institutions that achieved net sales of EGP 428.816 million, against EGP 3.277 million in net purchases by individuals.
Arab investors' trades recorded net sales of EGP 239.821 million, including EGP 162.853 million for individuals and EGP 76.968 million for institutions.
Egyptian investors' trades leaned towards buying, achieving a net value of EGP 665.360 million, supported by individuals who recorded net purchases of EGP 913.070 million, against EGP 247.709 million in net sales by institutions.
Suez Canal Bank for Technology Localization Tops the Gainers List by 10.37%
The Suez Canal Bank for Technology Localization shares topped the list of top gainers by 10.37%, followed by Qara for Energy and Investment Projects' subscription rights shares by 8.20%, and El Nasr Agricultural Crops Manufacturing shares by 5%.
Robex International Tops the Losers List by 13.75%
Regarding the top losers, Robex International for Plastic and Acrylic Manufacturing topped the list with a decline of 13.75%, followed by Delta Printing and Packaging shares by 13.62%, and Marseilia Egyptian Gulf Real Estate Investment shares by 12.40%.
