Egypt’s banking sector market cap fell 1.52% on Sunday closing session

The banking sector ends EGX trading session on Sunday decrease in the market cap by 1.52% or EGP 233.560 billion compared to EGP 237.157 billion at the end of Thursday session.

The market cap of the banking sector reached 25.85% 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 154.933 million after 6.542 billion shares were exchanged, which represents 6.22% of the total trading volume.

Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday's trading session, amid selling operations by foreign institutions and investment funds, against purchases by Egyptian and Arab institutions.

The market capital lost nearly LE 12.5 billion, registering LE 938.7 billion after transactions that totaled LE 3.9 billion.

The EGX 30 benchmark index went down by 1.69 percent, closing at 14,587,7 points. The broader EGX 70 index of the leading small and mid-cap enterprises (SMEs) went up by 0.61 percent, ending at 2,745.07 points.

The all-embracing EGX 100 index was also up by 0.08 percent, closing at 4,023.11 points.