EGX enters green zone during 1st trading session after Eid holiday

CAIRO – 9 June 2019: The Egyptian Exchange (EGX) ended first trading session after Eid el-Fitr holiday on Sunday in green, adding LE 5.8 billion to market capitalization, amid Egyptian and Arab purchases.

EGX and the Central Bank of Egypt announced having a three-day holiday in celebration of Eid al-Fitr “Festival of Breaking Muslims’ Fast”. Eid al-Fitr holiday started on Tuesday June 4, 2019, till Thursday June 6, 2019, according to both entities. “Trading resumed effective on Sunday June 9, 2019.”

The benchmark EGX 30 rose 0.90 percent, or 123.86 points, to close at 13,911.66 points.

The equally weighted index EGX 50 increased 1.62 percent, or 33.34 points, to reach 2,096 points.

The small and mid-cap index EGX 70 inched up 0.64 percent, or 3.85 points, to close at 601.2 points, and the broader index EGX 100 hiked 0.73 percent, or 11.13 point, to 1,532.54 points.

Market capitalization gained LE 5.86 billion, recording LE 750.98 billion, compared to LE 745.12 billion in Monday’s session.

The trading volume reached 96.07 million shares, traded through 15,930 transactions, with a turnover of LE 947.97 million.

Foreign investors were net sellers at LE 16.34 million, while Egyptian and Arab investors were net buyers at LE 10.24 million, and LE 6.1 million, respectively.

Foreign individuals were net sellers at 817,835, while Egyptian and Arab individuals were net buyers at LE 32.8 million, and LE 5.86 million, respectively.

Egyptian and foreign organizations sold at LE 22.57 million, and LE 15.53 million, respectively, while Arab organizations bought at LE 247,404.

Sinai Cement, Delta Construction & Rebuilding, and Electro Cable Egypt were top gainers of the session by 7.98 percent, 7.94 percent and 7.22 percent, respectively.

Meanwhile, Cairo for Investment and Real Estate Development, Belton Financial Holding and Natural Gas & Mining Project (Egypt Gas) were top losers of the session by 2.64 percent, 2.37 percent, and 2.10 percent, respectively.

EGX witnessed a semi-collective rise during last trading session before holiday on Monday, as EGX30 rose 0.71 percent, EGX 50 increased 0.74 percent, and EGX 100 hiked 0.11 percent, while EGX 70 inched down 0.01 percent.