EGX ends week on mixed note, market cap. gains LE 412.37M

CAIRO – 15 April 2021: The Egyptian Exchange (EGX) ended first week of Ramadan on mixed note, adding around LE 412.37 million to market capitalization, amid Arab purchases.

The benchmark EGX30 rose 0.27 percent, or 27.7 points, to end at 10,143.21 points.

On the other hand, the equally weighted index EGX 50 dipped 0.59 percent, or 11.24 points, to end at 1,899.94 points.

Moreover, the small and mid-cap index EGX 70 decreased 0.68 percent, or 12.41 points, to close at 1,820.99 points, and the broader index EGX 100 lessened 0.64 percent, or 17.44 points, to close at 2,716.03 points.

Market capitalization gained around LE 412.37 million, recording LE 630.88 billion, compared to LE 630.46 billion in Wednesday’s session.

The trading volume reached 402.14 million shares, traded through 29,744 transactions, with a turnover of LE 898.55 million.

Arab investors were net buyers at LE 72.27 million, while Egyptian and foreign investors were net sellers at LE 44.43 million, and LE 27.83 million, respectively.

Egyptian and Arab individuals were net buyers at LE 66.33 million, and LE 75.79 million, respectively, while foreign individuals were net sellers at LE 1.38 million.

Egyptian, Arab, and foreign organizations sold at LE 110.76 million, LE 3.5 million, and LE 26.45 million, respectively.

Marsa Marsa Alam for Tourism Development, Egyptians for Investment & Urban Development, and Giza General Contracting were top gainers of the session at 5.56 percent, 5.49 percent and 5.13 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Memphis Pharmaceuticals, and Alexandria Spinning & Weaving (SPINALEX) were top losers of the session by 9.99 percent, 9.61 percent, and 8.06 percent, respectively.

 On Wednesday, EGX ended trading in red, as: EGX30 dropped 1.85 percent, EGX 50 dipped 4.20 percent, EGX 70 decreased 4.64 percent, and EGX 100 lessened 4.23 percent.