EGX ends Monday on semi-collective rise

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Mon, 21 May 2018 - 12:29 GMT

BY

Mon, 21 May 2018 - 12:29 GMT

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

CAIRO – 21 May 2018: The Egyptian Exchange’s (EGX) indices marked a semi-collective rise by the end of Monday’s session, and market capitalization gained LE 6.4 billion ($358.55 million) amid Egyptian purchases.

The benchmark EGX30 edged down 0.01 percent, or 1.16 points, to close at 16,780.91 points.

The equally weighted index EGX50 rose 0.59 percent, or 17.22 points, to reach 2,914.70 points.

The small- and mid-cap index EGX70 jumped 0.79 percent, or 6.74 points, closing at 860.41 points, and the broader index EGX100 climbed 0.59 percent, or 12.98 points, to close at 2,196.23 points.

Market capitalization gained LE 6.4 billion, recording LE 952.90 billion, compared to LE 946.48 billion in Sunday’s session.

The trading volume reached 142.28 million shares, traded through 18,895 transactions, with a turnover of LE 771.9 million.

Egyptian investors were net buyers at LE 61.88 million, while Arab and foreign investors were net sellers at LE 13.09 million and LE 48.79 million, respectively.

Egyptian and Arab individuals were net buyers at LE 9.25 million and LE 1.83 million, respectively, while foreign individuals were net sellers at LE 7.93 million.

Arab and Foreign organizations sold at LE 14.92 million and LE 40.86 million, respectively, while Egyptian organizations bought at LE 52.64 million.

Wadi Kom Ombo Land Reclamation, El Arabia Engineering Industries, and El Nasr for Manufacturing Agricultural Crops were top gainers of the session by 9.97 percent, 9.91 percent and 7.68 percent, respectively.

On the other hand, Alexandria New Medical Center, Middle & West Delta Flour Mills, and Alexandria Cement were top losers of the session by 9.97 percent, 9.07 percent and 7.07 percent, respectively.

The EGX ended Sunday’s session on mixed performance, as the EGX30 declined 0.57 percent and the EGX50 slipped 0.05 percent, while the EGX70 rose 0.17 percent and the EGX100 went up 0.08 percent.

Trading on the EGX during the holy month of Ramadan is from 10 a.m. to 1:30 p.m. (CLT).

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