EGX starts week in green, market cap. gains LE 2.8B

CAIRO – 10 October 2021: The Egyptian Exchange (EGX) started week in green, adding around LE 2.8 billion to market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 hiked 1.20 percent, or 126.57 points, to end at 10,662.96 points.

The equally weighted index EGX 50 rose 0.41 percent, or 9.23 points, to end at 2,277.88 points.

The small and mid-cap index EGX 70 increased 0.07 percent, or 1.81 points, to close at 2,664.62 points, and the broader index EGX 100 climbed 0.17 percent, or 6.25 points, to close at 3,614.87 points.

Market capitalization gained around LE 2.8 billion, recording LE 701.81 billion, compared to LE 699.01 billion in Wednesday’s session.

The trading volume reached 950.8 million shares, traded through 29,594 transactions, with a turnover of LE 950.83 million.

Foreign investors were net sellers at LE 131.77 million, while Egyptian and Arab investors were net buyers at LE 95.31 million, and LE 36.45 million, respectively.

Egyptian and Arab individuals were net sellers at LE 48.23 million, and LE 5.04 million, respectively, while foreign individuals were net buyers at LE 120,405.

Egyptian and Arab organizations bought at LE 143.54 million, and LE 41.49 million, respectively, while foreign organizations sold at LE 131.88 million.

Amer Group Holding, Gulf Canadian Real Estate Investment Co., and Egyptian Kuwaiti Holding were top gainers of the session at 10.19 percent, 8.86 percent and 5.80 percent, respectively.

Meanwhile, East Delta Flour Mills, Arabian Cement Company, and The Arab Dairy Products Co. Arab Dairy - Panda were top losers of the session by 13.25 percent, 4.27 percent, and 3.75 percent, respectively.

EGX ended Wednesday on mixed note, as: EGX30 hiked 0.99 percent, while EGX 50 slid 0.15 percent, EGX 70 rose 0.17 percent, and EGX 100 climbed 0.16 percent.

Egypt’s bourse will be off on Thursday, October 7, on the occasion of the anniversary of the 6th of October War victory, according to the Egyptian Exchange (EGX)

Fridays and Saturdays are official weekly holidays for EGX and CBE. Trading will be resumed on Sunday, October 10.