Egyptian, Arab purchases push EGX into green Thursday

CAIRO – 23 May 2019: The Egyptian Exchange (EGX) ended Thursday session in green, and market capitalization gained LE 5.16 billion, amid Egyptian and Arab purchases.

The benchmark EGX30 rose 0.82 percent, or 112.62 points, to close at 13,776.85 points.

The equally weighted index EGX50 increased 1.11 percent, or 22.74 points, to reach 2,073.45 points.

The small and mid-cap index EGX70 climbed 0.81 percent, or 4.85 points, to close at 603.65 points, and the broader index EGX100 hiked 0.83 percent, or 12.64 point, to 1,536.45 points.

Market capitalization gained LE 5.16 billion, recording LE 751.65 billion, compared to LE 746.49 billion in Wednesday’s session.

The trading volume reached 70.23 million shares, traded through 13,839 transactions, with a turnover of LE 394.11 million.

Foreign investors were net sellers at LE 51.05 million, while Egyptian and Arab investors were net buyers at LE 35.92 million, and LE 15.12 million, respectively.

Arab individuals were net buyers at LE 10.98 million, while Egyptian and foreign individuals were net sellers at LE 2.95 million, and LE 547,354, respectively.

Egyptian and Arab organizations bought at LE 38.87 million, and LE 4.14 million, respectively, while foreign organizations sold at LE 50.5 million.

Pyramisa Hotels, Misr Cement (Qena), and AJWA for Food Industries company Egypt were top gainers of the session by 9.99 percent, 9.72 percent and 8.04 percent, respectively.

Meanwhile, Arabian Food Industries DOMTY, Ismailia Development and Real Estate Co, and Torah Cement were top losers of the session by 5.14 percent, 3.02 percent, and 2.71 percent, respectively.

On Wednesday, EGX ended trading on mixed note, as EGX30 rose 0.37 percent, EGX50 increased 0.90 percent, while EGX70 dropped 0.56 percent and EGX100 declined 0.36 percent.