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The Egyptian Exchange (EGX) plunged into the red as geopolitical tensions continue to intensify. Benchmark index EGX 30 fell by 2.33% at the end of Monday’s trading to record 27,840 points, following a sharp decline of 3.54% at the beginning of the session. EGX 70 plummeted by 5% to close at 6,168 points, followed by EGX 100 declining by 4.31% to hit 8,898 points.
The Egyptian Exchange (EGX) plunged into the red as geopolitical tensions continue to intensify. Benchmark index EGX 30 fell by 2.33% at the end of Monday’s trading to record 27,840 points, following a sharp decline of 3.54% at the beginning of the session. EGX 70 plummeted by 5% to close at 6,168 points, followed by EGX 100 declining by 4.31% to hit 8,898 points.
Monday’s trading saw 1.213 billion shares exchanged with a turnover of EGP 4.143 billion. Market capitalization was recorded at EGP 1.89 trillion, compared to yesterday’s EGP 1.94 trillion. Trading on securities reported Egyptian and Arab traders as net sellers with EGP 47 million and EGP 31.15 million, respectively. Foreign traders were net buyers with EGP 78.16 million.
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The top gains of the session were by Memphis Pharmaceuticals which surged by 19.98%, El Kahera El Watania Investment by 12.8%, and United Arab Shipping by 4.89%. The largest losses of the session were by Iron and Steel for Mines and Quarries which dropped by 10.95%, Rubex International for Plastic and Acrylic Manufacturing by 10.42%, and Gadwa for Industrial Development by 10.22%.
