EGX ends Sunday in green, market cap. gains LE3.73B

CAIRO - 18 July 2021: The Egyptian Exchange (EGX) ended Sunday’s session in green, adding around LE 5.73 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 increased 0.81 percent, or 85.57 points, to end at 10,646.85 points.

The equally weighted index EGX 50 hiked 0.67 percent, or 14.89 points, to end at 2,229.86 points.

The small and mid-cap index EGX 70 climbed 1.40 percent, or 34.56 points, to close at 2,509.45 points, and the broader index EGX 100 jumped 1.18 percent, or 40.61 points, to close at 3,469.37 points.

Market capitalization gained around LE 5.73 billion, recording LE 685.38 billion, compared to LE 679.65 billion in Thursday’s session.

The trading volume reached 380.28 million shares, traded through 49,454 transactions, with a turnover of LE 1.48 billion.

Egyptian investors were net buyers at LE 27.69 million, while Arab and foreign investors were net sellers at LE 11.64 million, and LE 16.06 million, respectively.

Egyptian and foreign individuals were net buyers at LE 12.24 million, and LE 293,248, respectively, while Arab individuals were net sellers at LE 4.16 million.

Arab and foreign organizations sold at LE 7.47 million, and LE 16.35 million, respectively, while Egyptian organizations bought at LE 15.45 million.

Misr Cement (Qena), Pyramisa Hotels, and El Arabia Engineering Industries were top gainers of the session at 9.96 percent, 9.50 percent and 9.03 percent, respectively.

Meanwhile, Sharm Dreams Co. for Tourism Investment, El Orouba Securities Brokerage, and The Arab Ceramic CO.- Ceramica Remas were top losers of the session by 8.08 percent, 7.13 percent, and 6.22 percent, respectively.

EGX decided that starting from Monday 19th of July till Saturday 24th of July will be a holiday at EGX for the celebration of Eid al-Adha Al Mubarak & 23rd of July.

A statement issued, Thursday, stated that work will resume on Sunday, July 25.

Eid al-Adha is the latter of the two official Islamic holidays celebrated within Islam. It honours the willingness of Ibrahim to sacrifice his son Ismail as an act of obedience to God's command. Before Ibrahim could sacrifice his son, however, Allah provided a lamb to sacrifice instead.