EGX continues its uptrend for 3rd session

CAIRO - 31 October 2018: The Egyptian Exchange (EGX) continued its uptrend for the third consecutive session, amid foreign purchases, adding around LE 4 billion to market capitalization.

The benchmark EGX30 rose 0.73 percent, or 95.73 points, to close at 13,250.29 points.

The equally weighted index EGX50 hiked 0.71 percent, or 14.8 points, to reach 2,105.76 points.

The small and mid-cap index EGX70 increased 2.17 percent, or 14.76 points, reaching 695.38 points, and the broader index EGX100 inched up 1.80 percent, or 30.7 points, closing at 1,739.08 points.

Market capitalization gained LE 3.97 billion, recording LE 751.58 billion, compared to LE 747.61 billion in Tuesday’s session.

The trading volume reached 239.88 million shares, traded through 26,916 transactions, with a turnover of LE 1.25 billion.

Foreign investors were net buyers at LE 42.77 million, while Egyptian and Arab investors were net sellers at LE 4.06 million and LE 38.71 million, respectively.

Egyptian and foreign individuals were net buyers at LE 35.66 million and LE 3.14 million, respectively, while Arab individuals were net sellers at LE 23.9 million.

Egyptian and Arab organizations sold at LE 39.72 million, and LE 14.84 million, respectively, while foreign organizations bought at LE 39.64 million.

Regarding Stocks, Sarwa Capital Holding, Rakta Paper Manufacturing, and AJWA for Food Industries Company Egypt were top gainers of the session by 9.98 percent, 8.72 percent and 8.52 percent, respectively.

Meanwhile, Arab Pharmaceuticals, Cairo Poultry , and Sinai Cement were top losers of the session by 13.41 percent, 6.91 percent, and 5.31 percent, respectively.

EGX ended Tuesday’s session in green, as EGX30 rose 0.61 percent, EGX50 inched up 1.11 percent, EGX70 hiked 0.59 percent, and EGX100 increased 0.67 percent.