Foreign organizations purchases keep EGX in green zone

CAIRO – 24 March 2019: The Egyptian Exchange (EGX) ended Sunday’s session in green for the second consecutive session, and market capitalization gained around LE 2.55 million, amid foreign organizations purchases.

The benchmark EGX30 hiked 0.39 percent, or 58.09 points, to close at 14,840.9 points.

The equally weighted index EGX50 increased 0.58 percent, or 13.88 points, to reach 2,419.75 points.

The small and mid-cap index EGX70 rose 0.12 percent, or 0.81 points, to close at 686.34 points, and the broader index EGX100 inched up 0.13 percent, or 2.3 point, to 1,743.02 points.

Market capitalization gained LE 2.55 billion, recording LE 823.34 billion, compared to LE 820.79 billion in Thursday’s session.

The trading volume reached 121.55 million shares, traded through 15,779 transactions, with a turnover of LE 477.81 million.

Foreign investors were net buyers at LE 22.96 million, while Egyptian and Arab investors were net sellers at LE 18.47 million and LE 4.49 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 1.59 million, LE 1.22 million and LE 429,905, respectively.

Egyptian and Arab organizations sold at LE 16.88 million and LE 3.26 million, respectively, while foreign organizations bought at LE 23.39 million.

Credit Agricole Egypt,AcrowMisr, and Assiut Islamic Trading were top gainers of the session by 4.49 percent, 4.44 percent and 4.17 percent, respectively.

Meanwhile, Marsa Marsa Alam for Tourism Development, Alexandria Cement, and El Obour Real Estate Investment were top losers of the session by 6.66 percent, 5.80 percent, and 3.74 percent, respectively.

EGX ended Thursday’s session in green, as EGX30 rose 0.40 percent, EGX50 increased 0.57 percent, EGX70 inched up 0.19 percent, and EGX100 hiked 0.25 percent.