EGX ends Wednesday in green, market cap. gains LE1.33B

BY

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Wed, 05 May 2021 - 03:15 GMT

BY

Wed, 05 May 2021 - 03:15 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 5 May 2021: The Egyptian Exchange (EGX) ended Wednesday’s session in green, adding around LE 1.33 billion to market capitalization, amid foreign purchases.

 

The benchmark EGX30 rose 0.45 percent, or 47.25 points, to end at 10,512.84 points.

 

The equally weighted index EGX 50 hiked 0.60 percent, or 12.4 points, to end at 2,067.19 points.

 

Moreover, the small and mid-cap index EGX 70 climbed 1.06 percent, or 22.34 points, to close at 2,123.71 points, and the broader index EGX 100 jumped 0.77 percent, or 23.21 points, to close at 3,037.57 points.

 

Market capitalization gained around LE 1.33 billion, recording LE 655.32 billion, compared to LE 653.98 billion in Tuesday’s session.

 

 

The trading volume reached 401.48 million shares, traded through 32,958 transactions, with a turnover of LE 895.77 million.

 

Foreign investors were net buyers at LE 34.62 million, while Egyptian and Arab investors were net sellers at LE 564, and LE 34.62 million, respectively.

 

Arab and foreign individuals were net sellers at LE 3.28 million, and LE 316,839, respectively, while Egyptian individuals were net buyers at LE 5.22 million.

 

Egyptian and Arab organizations sold at LE 5.22 million, and LE 31.33 million, respectively, while foreign individuals bought at LE 34.94 million.

 

Development & Engineering Consultants, Grand Investment Capital, and El Obour Real Estate Investment were top gainers of the session at 11.36 percent, 9.96 percent and 9.44 percent, respectively.

 

Meanwhile, El Arabia for Land Reclamation, Minapharm Pharmaceuticals, and Ismailia Development and Real Estate Co were top losers of the session by 9.45 percent, 8.45 percent, and 6.58 percent, respectively.

 

On Tuesday, EGX ended session on mixed note, as: EGX30 inched down 0.09 percent, while EGX 50 rose 0.58 percent, EGX 70 increased 2.06 percent, and EGX 100 jumped 1.35 percent.

 

Egypt’s banks and bourse were off from Thursday, April 29, till Monday, May 3, according to the Egyptian Exchange (EGX) and the Central Bank of Egypt (CBE).

 

These holidays come in celebration of Sinai Liberation Day Holiday which marks Thursday, April 29, Easter Holiday, on Sunday, May 2, and Sham El Nessim Holiday on Monday, May 3.

 

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