EGX ends Sunday in green amid Egyptian purchases

CAIRO – 16 June 2019: The Egyptian Exchange (EGX) ended Sunday’s session in green, adding LE 766.43 million to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 rose 0.21 percent, or 29.56 points, to close at 14,210.09 points.

The equally weighted index EGX 50 stabilized at 2,120.82 points.

The small and mid-cap index EGX 70 hiked 0.18 percent, or 1.06 points, to close at 606.63 points, and the broader index EGX 100 inched up 0.19 percent, or 3 point, to 1,549.83 points.

Market capitalization gained LE 766.43 million, recording LE 760.56 billion, compared to LE 759.79 billion in Thursday’s session.

The trading volume reached 80.8 million shares, traded through 15,645 transactions, with a turnover of LE 486.67 million.

Egyptian investors were net buyers at LE 61.38 million, while Arab and foreign investors were net sellers at LE 10.6 million, and LE 50.78 million, respectively.

Egyptian and Arab individuals were net buyers at LE 15.6 million, and LE 3.94 million, respectively, while foreign individuals were net sellers at LE 3.5 million.

Arab and foreign organizations sold at LE 14.54 million and LE 47.24 million, respectively, while Egyptian organizations bought at LE 45.78 million.

Egyptian Real Estate Group, Development & Engineering Consultants, and El Ahram Co. for Printing and Packing were top gainers of the session by 8.49 percent, 6.36 percent and 5.84 percent, respectively.

Meanwhile, Cairo for Investment and Real Estate Development, Alexandria Pharmaceuticals, and El Nasr for Manufacturing Agricultural Crops were top losers of the session by 4.38 percent, 3.93 percent, and 3.18 percent, respectively.

EGX ended Thursday’s session on mixed note for the third consecutive session, as EGX30 rose 0.16 percent, and EGX50 increased 0.10 percent, while EGX70 dropped 0.14 percent, and EGX100 inched down 0.06 percent.