“Automotive” tops 15 losing sectors in the Egyptian Stock Exchange

15 sectors on the Egyptian Stock Exchange declined during this week’s trading, led by services, industrial products and cars by 6.3%, followed by the contracting and engineering construction sector, down by 3.8%.

The tourism, entertainment and educational services sectors came in third place with a decline of about 3.3%, then the health care and pharmaceutical sector by 2.5%, followed by the textiles and durable goods sector, down by 2.2%.

The real estate sector fell by 1.9%, then the building materials sector by 1.6%, then the food, beverages, tobacco, trade and distributors sectors by 1.3%. The communications, media and information technology sector declined by 1.1%, followed by the paper, packaging materials and paper sector by 0.9%.

The banking sector also decreased by 0.3%, then the non-banking financial services and transportation and shipping services sectors by 0.2% and 0.1%, respectively. On the other hand, the basic resources, energy and support services sectors increased by 1.4% and 0.5%, respectively.

During the weekend’s trading, the main index of the Egyptian Stock Exchange “EGX30” rose by 0.18% to close at 10,536.39 points. The index of small and medium stocks “EGX70” of equal weights decreased by 2.2% to close at 2,662.81 points.

The EGX 100 index of equal weights decreased by 1.72% to close at 3608.62 points. The “EGX30” index, with specific weights, decreased by 0.01%, to close at 12884.99 points. The “Tamayouz” index fell by 5.8% to close at 4,468.86 points.

The market capitalization of the listed companies’ shares lost about 4.3 billion pounds, to end the week’s trading at 699 billion pounds, a decrease of about 0.6%. The market capitalization of the main index shares fell from 369.9 billion pounds to 369.8 billion pounds, a decrease of about 0.01%.

The market capital of small and medium shares also declined from 135.8 billion pounds to 132.7 billion pounds, a decrease of 2.3%. The market capitalization of the shares of the broader index declined from 505.7 billion pounds to 502.5 billion pounds, a decrease of 0.6%.

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