EGX ends Tuesday in green, market cap. gains 3.7B

CAIRO – 4 September 2018: The Egyptian Exchange (EGX) ended mid-week session in green, and market capitalization gained around LE 3.7 billion, amid Egyptian and foreign purchases.

The benchmark EGX30 increased 0.64 percent, or 101.04 points, to close at 15,922.96 points.

The equally weighted index EGX50 hiked 0.85 percent, or 21.92 points, to reach 2,607.19 points.

The small and mid-cap index EGX70 rose 0.35 percent, or 2.65 points, reaching 753.80 points, and the broader index EGX100 inched up 0.42 percent, or 8.11 points, closing at 1,950.23 points.

Market capitalization lost LE 3.7 billion, recording LE 878.88 billion, compared to LE 875.14 billion in Monday’s session.

The trading volume reached 214.31 million shares, traded through 21,414 transactions, with a turnover of LE 799.24 million.

Pioneers Holding, AJWA for Food Industries Company Egypt, and Kafr El Zayat Pesticides were top gainers of the session by 6.35 percent, 5.80 percent and 5.51 percent, respectively.

On the other hand, Saudi Egyptian Investment & Finance, Rowad Tourism (Al Rowad), and Egypt for Poultry were top losers of the session by 9.76 percent, 6.22 percent, and 3.67 percent, respectively.

Arab investors were net sellers at LE 40.45 million, while Egyptian and foreign investors were net buyers at LE 19.65 million and LE 20.79 million, respectively.

Arab and foreign individuals were net buyers at LE 2.84 million and LE 3.17 million, respectively, while Egyptian individuals were net sellers at LE 29.65 million.

Egyptian and foreign organizations bought at LE 49.3 million and LE 17.62 million, respectively, while Arab organizations sold at LE 43.29 million.

EGX ended Monday’s session on mixed note, as EGX30 declined 0.19 points,and EGX70 inched down 0.01 percent, while EGX50 rose 0.13 percent, and EGX100 increased 0.22 percent.