EGX starts 2019 in green, market cap. gains LE 7.3B

CAIRO –2 January 2019: The Egyptian Exchange (EGX) started the first session in 2019 in green, and market capitalization gains LE 7.27 billion, amid Egyptian and foreign purchases.

The benchmark EGX30 hiked 1.29 percent, or 168.6 points, to close at 13,204.37 points.

The equally weighted index EGX50 rose 0.92 percent, or 19.82 points, to reach 2,169.55 points.

The small and mid-cap index EGX70 increased 0.59 percent, or 4.08 points, reaching 697.91 points, and the broader index EGX100 inched up 0.63 percent, or 10.83 points, to close at 1,738.04 points.

Market capitalization gained LE 7.27 billion, recording LE 756.98 billion, compared to LE 749.7 billion in Monday’s session, the last session of 2018.

During 2018, Market Capitalizationrecorded net losses of LE 75.2 billion, reaching LE 749.7 billion during the last trading session of this year compared to LE 824.9 billion at the end of 2017.

Bourse registers LE 75.2B net losses in 2018

CAIRO - 31 December 2018: The Egyptian Exchange (EGX) registered net losses of EGP 75.2 billion during 2018 making its market capital hit EGP 749.7 billion during the last trading session of this year compared to LE 824.9 billion at the end of 2017.

The trading volume reached 99.28 million shares, traded through 18,899 transactions, with a turnover of LE 459.7 million.

Arab investors were net sellers at LE 28.77 million, while Egyptian and foreign investors were net buyers at LE 4.54 million and LE 24.23 million, respectively.

Egyptian and Arab individuals were net sellers at LE 11.35 million and LE 6.65 million, respectively, while foreign individuals were net buyers at LE 315,382.

Egyptian and foreign organizations bought at LE 15.89 million and LE 23.92 million, respectively, while Arab organizations sold LE 22.12 million.

Delta Construction & Rebuilding, Development & Engineering Consultants, and Asek Company for Mining - Ascom were top gainers of the session by 7.63 percent, 7.61 percent and 7.16 percent, respectively.

Meanwhile, Obour Land for Food Industries, Middle Egypt Flour Mills, and North Cairo Mills were top losers of the session by 4.40 percent, 3.26 percent, and 1.86 percent, respectively.

EGX ended Monday’s session, last session in 2018, in green, as EGX30 hiked 0.70 percent, EGX50 rose 0.81 percent, EGX70 increased 2.59 percent, and the broader index EGX100 inched up 2.20 percent.

The bourse was off on Tuesday, January 1, on the occasion of the banks’ holiday. The Central Bank of Egypt (CBE) announced Wednesday that banks operating in Egypt will be off on Tuesday, January 1, on the occasion of the end of fiscal year for most of the banks on December 31.

EGX follows CBE announcing Jan. 1 as official holiday

CAIRO - 27 December 2018: The Egyptian Exchange (EGX) announced that the bourse will be off on Tuesday, January 1, on the occasion of the banks' holiday. The Central Bank of Egypt (CBE) announced Wednesday that banks operating in Egypt will be off on Tuesday, January 1, on the occasion of the end of fiscal year for most of the banks on December 31.