Egypt’s banking sector performance on EGX at Tuesday’s closing session

The banking sector ends EGX trading session on Tuesday with a slump in the market cap by 3.85% or EGP 237.637 billion compared to EGP 247.159 billion at the end of Monday’s session.

The market cap of the banking sector reached 24.83% of the total EGX market cap, which is considered the highest percentage among the sectors listed on the Egyptian Stock Exchange.

The turnover on banking sector shares amounted to EGP 381.285 million which represents 16.20% of the total trading volume today after 13.165 million shares were exchanged capturing 1.85% of the total trading volume.

The Egyptian Exchange (EGX) ended Tuesday’s trading session with a negative performance after the EGX30 main index went down by 3.94% to 15,462.57 points. The EGX50 EWI also plummeted by 2.54% to 2,700.59 points.

Furthermore, the small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session lower by 2.41% at 2,814.08 points and by 2.71% at 4,213.72 points, respectively.

The turnover reached EGP 2.35 billion after 710.87 million shares were traded during the session, while the market cap value hit EGP 1 trillion.

As for trading on securities, the Egyptian investors were net buyers with EGP 42.02 million. Meanwhile, the foreign and Arab traders were net sellers with EGP 23.72 million and EGP 18.30 million, respectively.