EGX ends week in green, market capitalization gains LE 9B

BY

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Thu, 21 Jun 2018 - 01:20 GMT

BY

Thu, 21 Jun 2018 - 01:20 GMT

File - EGX

File - EGX

CAIRO – 21 June 2018: The Egyptian Exchange (EGX) ended Thursday’s session in green, adding LE 9.03 billion of to its market capitalization, amid foreign purchases.

The benchmark EGX30 rose 1.25 percent, or 202.29 points, to close at 16,345.77 points.

The equally weighted index EGX50 rose 1.15 percent, or 31.44 points, to reach 2,773.81 points.

Moreover, the small and mid-cap index EGX70 increased 1.22 percent, or 9.8 points, to close at 811.36 points, and the broader index EGX100 jumped 1.24 percent, or 25.29 points, closing at 2,062.80 points.

Market capitalization gained LE 9.03 billion, recording LE 914.74 billion, compared to LE 905.71 billion in Wednesday’s session.

The trading volume reached 174.26 million shares, traded through 21,813 transactions, with a turnover of LE 740.38 million.

Foreign investors were net buyers at LE 64.43 million, while Egyptian and Arab investors were net sellers at LE 61.18 million and LE 3.25 million, respectively.

Foreign individuals were net buyers at LE 31.63 million, while Egyptian and Arab individuals were net sellers at LE 34.41 million, and LE 12.18 million, respectively.

Arab and foreign organizations bought at LE 32.8 million and LE 8.9 million, respectively, while Arab organizations sold at LE 26.77 million.

Arab Moltaka Investments Co, Ismailia National Food Industries, and Marsa Marsa Alam for Tourism Development were top gainers of the session by 9.22 percent, 8.64 percent and 8.51 percent, respectively.

On the other hand, Prime Holding, El Arabia for Land Reclamation, and Raya Contact Center were top losers of the session by 9.52 percent, 7.28 percent and 3.91 percent, respectively.

The EGX ended Wednesday’s session on a mixed note, as EGX30 slipped 0.48 percent, EGX100 decreased 0.29 percent, while EGX50 rose 1.15 percent, and EGX70 went up 0.74 percent.

The trading continued for three sessions only this week as Sunday and Monday, June 17 and 18, were an official holiday on the occasion of Eid Al-Fitr.

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