EGX ends Monday in green, market cap. loses LE 2.6B

CAIRO – 15 October 2018: The Egyptian Exchange’s (EGX) ended Monday in green, although market capitalization lost LE 2.58 billion, amid foreign purchases.

The benchmark EGX30 rose 1.81 percent, or 240.42 points, to close at 13,523.73 points.

The equally weighted index EGX50 hiked 2.31 percent, or 47.23 point, to reach 2,093.68 points.

The small and mid-cap index EGX70 increased 1.96 percent, or 13.44 points, reaching 698.51 points, and the broader index EGX100 inched up 1.87 percent, or 32.10 points, closing at 1,751.04 points.

Market capitalization lost LE 2.58 billion, recording LE 758.96 billion, compared to LE 761.55 billion in Sunday’s session.

The trading volume reached 147.04 million shares, traded through 21,520 transactions, with a turnover of LE 708.29 million.

Medinet Nasr Housing, El Kahera Housing, and Memphis Pharmaceuticals were top gainers of the session by 10.77 percent, 9.92 percent and 9.15 percent, respectively.

On the other hand, Sarwa Capital Holding, Lecico Egypt, and Six of October Development & Investment (SODIC) were top losers of the session by 11.14 percent, 9.85 percent, and 7.88 percent, respectively.

Foreign investors were net buyers at LE 81.49 million, while Egyptian and Arab investors were net sellers at LE 58.09 million and LE 23.4 million, respectively.

Egyptian individuals were net sellers at LE 1.74, while Arab and foreign individuals were net buyers at LE 4.9 million, and LE 388,781 , respectively.

Egyptian and Arab organizations sold at LE 56.35 million, and LE 28.31 million, respectively, while foreign organizations bought at LE 81.11 million.