EGX ends week on mixed note, market cap. gains LE 2.62B

CAIRO – 1 April 2021: The Egyptian Exchange (EGX) ended Thursday’s session on mixed note, gaining around LE 2.62 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 inched down 0.03 percent, or 3.49 points, to end at 10,564.88 points.

On the other hand, the equally weighted index EGX 50 rose 1.44 percent, or 29.27 points, to end at 2,063.43 points.

The small and mid-cap index EGX 70 increased 2.28 percent, or 44.84 points, to close at 2,013.92 points, and the broader index EGX 100 hiked 1.81 percent, or 52.71 points, to close at 2,963.24 points.

Market capitalization gained around LE 2.62 billion, recording LE 652.52 billion, compared to LE 649.89 billion in Wednesday’s session.

The trading volume reached 463.96 billion shares, traded through 36,978 transactions, with a turnover of LE 1 billion.

Egyptian investors were net buyers at LE 103.58 million, while Arab and foreign investors were net sellers at LE 21.53 million, and LE 82.05 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 70.01 million, LE 15.77 million, and LE 1.18 million, respectively.

Arab and foreign organizations sold at LE 37.31 million, and LE 83.23 million, respectively, while Egyptian organizations bought at LE 33.57 million.

El Obour Real Estate Investment, Sharm Dreams Co. for Tourism Investment, and Delta Construction & Rebuilding were top gainers of the session at 9.95 percent, 8.55 percent and 8.34 percent, respectively.

Meanwhile, Minapharm Pharmaceuticals, Natural Gas & Mining Project (Egypt Gas), and Cairo Pharmaceuticals were top losers of the session by 6.39 percent, 6.02 percent, and 5.71 percent, respectively.

On Wednesday, EGX ended trading in red, as: EGX30 dropped 1.60 percent, EGX 50 declined 0.94 percent, EGX 70 decreased 0.94 percent, and EGX 100 lessened 1.02 percent.