Egyptian Stock Exchange Loses 27 Billion Pounds.. Main Index Drops 1.64%
The main Egyptian Stock Exchange index dropped 1.64% to 49,281.24 points, and market capitalization lost around 27 billion pounds to reach 3.859 trillion pounds, with trading reaching 6.6 billion pounds.
The main Egyptian Stock Exchange index dropped 1.64% to close at 49,281.24 points, while the small and medium-sized enterprises index declined 0.35% to 16,327.27 points.
The broader index fell 0.59% to 22,137.9 points, and the market capitalization of listed companies decreased to about 3.859 trillion pounds from 3.886 trillion pounds, losing nearly 27 billion pounds.
Trading value reached around 6.6 billion pounds, with 2.21 billion shares traded across 210,500 transactions involving 222 listed companies.
Despite the decline, Egyptian, Arab, and foreign investors recorded net purchases valued at 202.8 million pounds, 29.7 million pounds, and 173.1 million pounds, respectively.
What do these terms mean?
Market Capitalization: The total value of shares of listed companies on the stock exchange, calculated by multiplying the share price by the number of shares.
Index: A measure of the movement of a group of stocks, used to track the general market direction.
Net Buying: The difference between the value of an investor's purchases and sales during the session.
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