Purchases of Egyptian organizations push EGX to rise slightly

Thu, Jan. 10, 2019
CAIRO – 10 January 2019: The Egyptian Exchange (EGX) recorded a slight rise during Thursday’s session, and market capitalization gained LE 1.27 billion, amid Egyptian organizations purchases.

The benchmark EGX30 rose 0.01 percent, or 1.86 points, to close at 13,367.44 points.

The equally weighted index EGX50 increased 0.03 percent, or 0.64 points, to reach 2,207.61 points.
The small and mid-cap index EGX70 went up 0.03 percent, or 0.19 points, reaching 687.3 points, and the broader index EGX100 inched up 0.01 percent, or 0.12 points, to close at 1,724.08 points.
Market capitalization gained LE 1.27 billion, recording LE 765.16 billion, compared to LE 763.89 billion in Wednesday’s session.

The trading volume reached 148.9 million shares, traded through 26,888 transactions, with a turnover of LE 1 billion.

Egyptian investors were net buyers at LE 84.99 million, while Arab and foreign investors were net sellers at LE 39.87 million and LE 45.12 million, respectively.

Egyptian individuals were net sellers at LE 53.51 billion, while Arab and foreign individuals were net buyers at LE 18.6 million, and LE 5.41 million, respectively.

Arab and foreign organizations sold at LE 58.53 and LE 50.53 million, respectively, while Egyptian organizations bought LE 138.51 million.

North Africa Co. for Real Estate Investment, Ceramic & Porcelain, and El Nasr for Manufacturing Agricultural Crops were top gainers of the session by 10 percent, 7.67 percent and 7.13 percent, respectively.

Meanwhile, El Arabia Engineering Industries, Misr Hotels, and Samad Misr El Arabia Engineering Industries were top losers of the session by 2.59 percent, 2.51 percent, and 2.40 percent, respectively.

EGX ended Wednesday’s session on mixed note, as EGX30 dropped 0.28 percent, EGX70 decreased 0.14 percent, and EGX10 inched down 0.01 percent, while EGX50 went up 0.08 percent.
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