EGX continues its uptrend for 2nd session in row, market cap. gains LE 4.1B

CAIRO – 28 November 2018: The Egyptian Exchange (EGX) continued its presence in the green zone on Wednesday for the second session in row amid Egyptian and foreign purchases, and market capitalization gained LE 4.07 billion.

The benchmark EGX30 rose 0.72 percent, or 95.54 points, to close at 13,309.49 points.

The equally weighted index EGX50 increased 0.53 percent, or 11.61 points, to reach 2,199.05 points.

The small and mid-cap index EGX70 inched up 0.06 percent, or 0.38 points, reaching 682.25 points, and the broader index EGX100 hiked 0.25 percent, or 4.24 points, to close at 1,708.58 points.

Market capitalization gained LE 4.07 billion, recording LE 752.23 billion, compared to LE 748.16 billion in Tuesday’s session.

The trading volume reached 198.01 million shares, traded through 26,286 transactions, with a turnover of LE 1.16 billion.

Arab investors were net sellers at LE 209.69 million, while Egyptian and foreign investors were net buyers at LE 72.92 and LE 136.77 million, respectively.

Egyptian and Arab individuals were net buyers at LE 57.46 million, and LE 7.23 million, respectively, while foreign individuals were net sellers at LE 8.13 million.

Arab organizations sold at LE 216.92 million, while Egyptian and foreign organizations bought at LE 15.45 million, and LE 144.91 million, respectively.

Torah Cement, Telecom Egypt, and Alexandria Cement were top gainers of the session by 10 percent, 5.33 percent and 4.63 percent, respectively.

Meanwhile, Gharbia Islamic Housing Development, General Silos & Storage, and South Cairo & Giza Mills & Bakeries were top losers of the session by 7.87 percent, 3.62 percent, and 3.58 percent, respectively.

EGX ended Tuesday’s session in green, as EGX 30 rose 1.26 percent, EGX50 hiked 1.18 percent, EGX70 inched up 0.26 percent, and EGX100 went up 0.41 percent.