EGX ends Thursday in green amid Arab purchases

CAIRO – 19 April 2018: The Egyptian Exchange (EGX) ended Thursday’s session in green, amid Arab buying.

The benchmark EGX30 increased 0.42 percent or 75.15 points to end at 17,781.02 points.

The equally weighted index EGX50 rose 0.21 percent, or 6.44 points to reach 3015.22 points.

The small and mid-cap index EGX70 jumped 0.82 percent, or 7.07 points, ending at 867.15 points, and the broader index EGX100 climbed 0.77 percent, or 17.36 points to close at 2273.10 points.

Market capitalization gained LE 3.9 billion, recording LE 981.44 billion ($55.35 billion), compared to LE 977.52 billion in Wednesday’s session.

The trading volume reached 261.54 million shares, traded through 30,744 transactions with a turnover of LE 1.41 billion.

Arab investors were net buyers at LE 122.75 million, while Egyptian and foreign investors were net sellers at LE 55.05 million and LE 67.7 million, respectively.

Arab individuals were net buyers at LE 69.78 million, while Egyptian and foreign individuals were net sellers at LE 61.3 million and LE 14.49 million, respectively.

Egyptian and Arab organizations bought at LE 6.26 million and LE 52.96 million, respectively, while foreign organizations sold at LE 53.2 million.

Zahraa Maadi Investment & Development, Raya Contact Center, and Mena Touristic & Real Estate Investment were top gainers of the session by 7.73 percent, 6.79 percent, and 6.59 percent, respectively.

While Pioneers Holding, Egyptians Real Estate Fund Certificates, and El Ahram Co. For Printing and Packing were top losers of the session by 6.62 percent, 5.56 percent, and 5.21 percent, respectively.

The Egyptian Exchange (EGX) ended Wednesday’s session in red as EGX30 declined 0.54 percent, EGX50 slipped 0.82 percent, EGX100 went down 0.40 percent, while EGX70 slipped 0.50 percent.