EGX continues upward trend, market cap exceeds LE1T

BY

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Thu, 26 Apr 2018 - 01:39 GMT

BY

Thu, 26 Apr 2018 - 01:39 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 26 April 2018: The Egyptian Exchange (EGX) ends Thursday’s session in green, as benchmark EGX30 continued its profit above 18,000 points; in addition, market capitalization exceeded LE 1 trillion for the first time.

The benchmark EGX30 rose 1.33 percent, or 241.33 points, to close at 18,363.29 points.

The equally weighted index EGX50 also increased 0.66 percent, or 20.22 points, to reach 3,084.32 points.

The small and mid-cap index EGX70 climbed 0.60 percent, or 5.2 points, closing in at 865.82 points, and the broader index EGX100 jumped 1.10 percent, or 24.99 points, to close at 2,291.52 points.

Market capitalization gained LE 11.3 billion, recording LE 1 trillion, compared to LE 994.75 billion in Tuesday’s session.

The trading volume reached 526.49 million shares, traded through 33,160 transactions with a turnover of LE 3.62 billion.

Egyptian investors were net sellers at LE 949.42 million, while Arab and foreign investors were net buyers at LE 189.14 million and LE 760.28 million, respectively.

Egyptian and Arab individuals were net sellers at LE 828.28 million and LE 35.23 million, respectively, while foreign individuals were net buyers at LE 38.88 million.

Arab and foreign organizations bought at LE 224.37 million, LE 721.39 million, respectively, while Egyptian organizations sold at LE 121.14 million.

October Pharma, El Nasr for Manufacturing Agricultural Crops, and ELSWEDY ELECTRIC were top gainers of the session by 9.06 percent, 7.97 percent and 6.99 percent, respectively.

Meanwhile, EDRs of Al Salam Holding Company, Kafr El Zayat Pesticides, and Universal for Paper and Packaging Materials (Unipack) were top losers of the session by 8.91 percent, 6.51 percent and 4.54 percent, respectively.

Mentioned, trading in EGX was cancelled on Wednesday on occasion of Sinai Liberation Day.

Sinai Liberation Day celebrates the freeing of the Sinai Peninsula on April 25 of every year to mark the withdrawal of the last Israeli soldier from the city of Taba in 1988, and recovering the entire land of Sinai.

EGX ended Tuesday session on a mixed note, as EGX30 increased 0.23percent, while EGX50, EGX70 and EGX100 slipped by 0.75 percent, 0.30 percent and 0.04 percent, respectively.

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