EGX gains LE3.1B Thursday, transcations reaches LE913M

CAIRO - 2 August 2018: The Egyptian Exchange (EGX) ended Thursday’s session on mixed performance, adding LE 3.1 billion to its market capitalization, amid foreign purchases.

The benchmark EGX30 hiked 0.87 percent, or 136.20 points, to close at 15,806.38 points.

The small and mid-cap index EGX70 increased 0.04 percent, or 0.29 points, reaching 748.07 points, and the broader index EGX100 inched up 0.24 percent, or 4.60 points, closing at 1,942.46 points.

Unlike other indices, the equally weighted index EGX50 declined 0.06 percent, or 1.56 points, to reach 2,599.78 points.

Market capitalization gained LE 3.1 billion, recording LE 880.37 billion, compared to LE 877.25 billion in Wednesday’s session.

The trading volume reached 173.46 million shares, traded through 21,930 transactions, with a turnover of LE 913.39 million.

Foreign investors were net buyers at LE 230 million, while Egyptian and Arab investors were net sellers at LE 212.61 million and LE 17.39 million, respectively.

Egyptian and Arab individuals were net sellers at LE 26.73 million and LE 6.18 million, respectively, while foreign individuals were net buyers at LE 2.22 million.

Egyptian and Arab organizations were net sellers at LE 185.88 million and LE 11.2 million, respectively, while foreign organizations were net buyers at LE 227.78 million.

Arabia Investments,Development,Fin. Inv. Holding Comp.-Cash, Suez Canal Bank, and Orascom Development Egypt were top gainers of the session by 6.02 percent, 4.84 percent and 4.50 percent, respectively.

On the other hand, Palm Hills Development Company, and National Real Estate Bank for Development were top losers of the session by 6.82 percent and 4.49 percent, respectively.

EGX ended Wednesday’s session in green, as EGX30 hikked 0.58 percent, EGX70 rose 0.44 percent, and EGX100 increased 0.40 percent.