EGX enters green zone, market cap. gains LE 2.4B

CAIRO – 10 October 2018: The Egyptian Exchange’s (EGX) indices entered the green zone after a downtrend continued for several sessions, resulting in market capitalization gaining LE 2.44 billion, amid foreign purchases.

The benchmark EGX30 rose 0.24 percent, or 32.49 points, to close at 13,621.23 points.

The equally weighted index EGX50 hiked 0.43 percent, or 8.99 point, to reach 2,099.47 points.

The small and mid-cap index EGX70 increased 0.45 percent, or 3.08 points, reaching 692.81 points, and the broader index EGX100 inched up 0.44 percent, or 7.58 points, closing at 1,741.51 points.

Market capitalization added LE 2.44 billion, recording LE 758.32 billion, compared to LE 755.88 billion in Tuesday’s session.

The trading volume reached 184.47.21 million shares, traded through 21,559 transactions, with a turnover of LE 774.77 million.

Raya Contact Center, El Obour Real Estate Investment, and El Arabia Engineering Industries were top gainers of the session by 9.84 percent, 8.30 percent and 8.20 percent, respectively.

On the other hand, Rowad Tourism (Al Rowad), Palm Hills Development Company, and Cairo Poultry were top losers of the session by 7.66 percent, 5.86 percent, and 3.48 percent, respectively.

Foreign investors were net buyers at LE 72.8 million, while Egyptian and Arab investors were net sellers at LE 10.46 million and LE 62.35 million, respectively.

Foreign individuals were net buyers at LE 644,891, while Egyptian and foreign individuals were net sellers at LE 42.24 million, and LE 10.84 million, respectively.

Egyptian and foreign organizations bought at LE 31.78 million, and LE 72.17 million, respectively, while Arab organizations sold at LE 51.51 million.

EGX ended Tuesday in red, as EGX30 dropped 0.11 percent, EGX50 declined 0.84 percent, EGX70 decreased 0.14 percent, and EGX100 inched down 0.11 percent.