EGX ends Thursday in green amid Egyptian purchases

CAIRO – 8 November 2018: The Egyptian Exchange (EGX) ended Thursday’s session in green, amid Egyptian purchases, and market capitalization won LE 3.47 billion.

The benchmark EGX30 jumped 0.86 percent, or 116.83 points, to close at 13,732.68 points.

The equally weighted index EGX50 hiked 0.28 percent, or 6.24 points, to reach 2,200.56 points.

The small and mid-cap index EGX70 increased 1.55 percent, or 10.72 points, reaching 702.82 points, and the broader index EGX100 inched up 1.33 percent, or 23.17 points, closing at 1,760.33 points.

Market capitalization won LE 3.47 billion, recording LE 776.84 billion, compared to LE 773.37 billion in Wednesday’s session.

The trading volume reached 302.06 million shares, traded through 30,519 transactions, with a turnover of LE 958.99 million.

Egyptian investors were net buyers at LE 2668 million, while Arab and foreign investors were net sellers at LE 20.94 and LE 8.74 million, respectively.

Arab and foreign individuals were net sellers at LE 23.62 million and LE 3.2 million, respectively, while Egyptian individuals were net buyers at LE 4.2 million.

Egyptian and Arab organizations bought at LE 25.45 million and LE 2.67 million, respectively, while foreign organizations sold at LE 5.54 million.

El Ahram Co. for Printing and Packing, United Housing & Development, and AJWA for Food Industries Company Egypt were top gainers of the session by 6.40 percent, 6.35 percent and 6.17 percent, respectively.

Meanwhile, Wadi Kom Ombo Land Reclamation, El Kahera Housing, Dice Sport & Casual Wear were top losers of the session by 9.51 percent, 9.19 percent, and 5.66 percent, respectively.

The EGX ended Wednesday’s session on mixed note, as EGX30 hiked 1.34 percent, EGX50 inched up 1.26 percent, while EGX70 declined 1.58 percent, and EGX100 dropped 1.03 percent.