EGX adds LE 5.7B to market capitalization Wednesday

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Wed, 17 Oct 2018 - 01:27 GMT

BY

Wed, 17 Oct 2018 - 01:27 GMT

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

FILE - Employees in the EGX following performance of the trading session on December 12, 2017


CAIRO – 16 October 2018: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, and market capitalization gained LE 5.7 billion, amid Egyptian selling.

The benchmark EGX30 rose 1.92 percent, or 126.21 points, to close at 13,815.60 points.

The equally weighted index EGX50 hiked 1.07 percent, or 22.75 points, to reach 2,149.74 points.

On the other hand, the small and mid-cap index EGX70 decreased 1.30 percent, or 9.15 points, reaching 692.41 points, and the broader index EGX100 inched down 0.84 percent, or 14.76 points, closing at 1,747.03 points.

Market capitalization gained LE 5.7 billion, recording LE 773.93 billion, compared to LE 768.23 billion in Tuesday’s session.

The trading volume reached 248.25 million shares, traded through 21,626 transactions, with a turnover of LE 696.42 million.

Sharm Dreams Co. for Tourism Investment, Marsa Marsa Alam for Tourism Development, and Edita Food Industries S.A.E were top gainers of the session by 8.64 percent, 8.39 percent and 7.69 percent, respectively.

On the other hand, Al Tawfeek Leasing Company-A.T.LEASE, Minapharm Pharmaceuticals, and El Obour Real Estate Investment were top losers of the session by 7.20 percent, 5.56 percent, and 4.73 percent, respectively.

Egyptian investors were net sellers at LE 121.42 million, while Arab and foreign investors were net buyers at LE 26.92 million and LE 94.49 million, respectively.

Arab individuals were net buyers at LE 3.68, while Egyptian and foreign individuals were net sellers at LE 80 million, and LE 1.18 million, respectively.

Arab and foreign organizations bought at LE 23.24 million, and LE 95.68 million, respectively, while Egyptian organizations sold at LE 41.42 million.

EGX ends Tuesday in green, as EGX30 rose 1.24 percent, EGX50 increased 1.64 percent, EGX70 hiked 0.47 percent, and EGX100 inched up 0.64 percent.

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