Foreign purchases pushes EGX to green zone, market cap. gains LE 6.6B

CAIRO – 27 November 2018: The Egyptian Exchange (EGX) ended mid-week session in green, after being in the red zone for two sessions affected by the news of adding taxes on treasury bills and bonds. Market capitalization gained LE6.6 billion amid foreign purchases.

The benchmark EGX30 rose 1.26 percent, or 164.83 points, to close at 13,213.95 points.

The equally weighted index EGX50 increased 1.18 percent, or 25.49 points, to reach 2,187.44 points.

The small and mid-cap index EGX70 inched up 0.26 percent, or 1.79 points, reaching 681.87 points, and the broader index EGX100 hiked 0.41 percent, or 6.9 points, to close at 1,704.34 points.


Market capitalization gained LE 6.6 billion, recording LE 748.16 billion, compared to LE 741.53 billion in Monday’s session.

The trading volume reached 202.36 million shares, traded through 25,127 transactions, with a turnover of LE 1.08 billion.

Foreign investors were net buyers at LE 262.4 million, while Egyptian and Arab investors were net sellers at LE 166.92 and LE 95.22 million, respectively.

Arab and foreign individuals were net sellers at LE 7.39 million, and LE 1.08 million, respectively, while Egyptian individuals were net buyers at LE 7.35 million.

Foreign organizations bought at LE 263.22 million,while Egyptian and Arab organizations sold at LE 174.27 million, and LE 87.83 million, respectively.

Torah Cement, PyramisaHotels, and Misr Cement (Qena) were top gainers of the session by 7.19 percent, 6.79 percent and 5.58 percent, respectively.

Meanwhile, North Cairo Mills, Middle & West Delta Flour Mills, and Ismailia Development and Real Estate Co. were top losers of the session by 8.92 percent, 6.93 percent, and 3.32 percent, respectively.

EGX ended Monday’s session in red, as EGX 30 lessened 0.79 percent, EGX50 declined 0.40 percent, EGX70 inched down 0.15percent, and EGX100 went down 0.26 percent.