FILE- Employees in the EGX following performance of the trading session
CAIRO – 13 June 2018: The Egyptian Exchange (EGX) entered the green zone in Wednesday’s session, adding LE 4.82 billion to its market capitalization, amid foreign buying.
The benchmark EGX30 rose 1.51 percent, or 240.17 points, to close at 16,178.28 points.
The equally weighted index EGX50 increased 1.31 percent, or 35.14 points, to reach 2,713.52 points.
Meanwhile, the small and mid-cap index EGX70 climbed 0.54 percent, or 4.33 points, closing at 802.87 points, and the broader index EGX100 hiked 0.62 percent, or 12.55 points, to close at 2,048.64 points.
Market capitalization gained LE 4.82 billion, recording LE 907.37 billion, compared to LE 902.55 billion in Tuesday's session.
The trading volume reached 125.02 million shares, traded through 17,797 transactions, with a turnover of LE 811.95 million.
Foreign investors were net buyers at LE 120.44 million, while Egyptian and Arab investors were net sellers at LE 112.24 million and LE 8.19 million, respectively.
Egyptian individuals sold at LE 85.1 million, while Arab and foreign individuals bought at LE 3.38 million and LE 1.57 million, respectively.
Foreign organizations were net buyers at LE 118.86 million, while Egyptian and Arab organizations were net sellers at LE 27.14 million, and LE 11.58 million, respectively.
Atlas for Land Reclamation and Agricultural Processing, Delta Construction & Rebuilding, and Ismailia Misr Poultry were top gainers of the session by 10 percent, 7.79 percent and 7.56 percent, respectively.
On the other hand, Orange Egypt for Telecommunication, Obour Land for Food Industries, and Rubex International for Plastic and Acrylic were top losers of the session by 10.85 percent, 9.09 percent and 7.45 percent, respectively.
The EGX ended Tuesday’s session on a mixed note, as EGX30 rose 0.11 percent, EGX50 increased 0.16 percent, and EGX70 went up 0.33 percent, while EGX100 declined 0.08 percent.
Trading on the EGX during the holy month of Ramadan is from 10 a.m. to 1:30 p.m. (CLT).
The Egyptian Exchange (EGX) decided that Sunday and Monday, June 17 and 18, will be an official holiday on the occasion of Eid Al-Fitr.
The market will resume trading on Tuesday June 19, according to an official statement issued on Monday.
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