EGX ends week in green, market cap. gains LE 3.6B

CAIRO – 6 May 2021: The Egyptian Exchange (EGX) ended Thursday in green for the second session in row, adding around LE 3.6 billion to market capitalization, amid Egyptian and Arab purchases.

 The benchmark EGX30 rose 0.72 percent, or 75.25 points, to end at 10,588.09 points.

The equally weighted index EGX 50 hiked 0.78 percent, or 16.04 points, to end at 2,083.23 points.

Moreover, the small and mid-cap index EGX 70 climbed 0.34 percent, or 7.2 points, to close at 2,130.91 points, and the broader index EGX 100 jumped 0.43 percent, or 13.02 points, to close at 3,050.59 points.

Market capitalization gained around LE 3.6 billion, recording LE 658.92 billion, compared to LE 655.32 billion in Wednesday’s session.

The trading volume reached 396.57 million shares, traded through 36,489 transactions, with a turnover of LE 1.02 billion.

Foreign investors were net sellers at LE 33.06 million, while Egyptian and Arab investors were net buyers at LE 13.71 million, and LE 19.34 million, respectively.

Arab and foreign individuals were net buyers at LE 26.07 million, and LE 772,670, respectively, while Egyptian individuals were net sellers at LE 24.35 million.

Arab and foreign organizations sold at LE 6.73 million, and LE 33.83 million, respectively, while Egyptian individuals bought at LE 38.07 million.

 AJWA for Food Industries Company Egypt, El Obour Real Estate Investment, and Middle Egypt Flour Mills were top gainers of the session at 9.74 percent, 9.29 percent and 9.26 percent, respectively.

Meanwhile, El Ahram Co. for Printing and Packing, Arab Moltaka Investments Co             , and El Nasr For Manufacturing Agricultural Crops were top losers of the session by 9.22 percent, 6.04 percent, and 5.81 percent, respectively.

On Wednesday, EGX ended session in green, as: EGX30 inched up 0.45 percent, EGX 50 rose 0.60 percent, EGX 70 increased 1.06 percent, and EGX 100 jumped 0.77 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.