local, Arab organizational purchases keep EGX in green zone for 3rd session, market cap. gains LE22.09B

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Thu, 04 Aug 2022 - 04:11 GMT

BY

Thu, 04 Aug 2022 - 04:11 GMT

EGX - REUTERS

EGX - REUTERS

CAIRO –  4 August 2022: The Egyptian Exchange (EGX) traded in the green zone for the third session in a row during Thursday, adding around LE 22.09 billion to market capitalization, amid Egyptian and Arab organizational purchases.
 
The benchmark EGX30 hiked 5.28 percent, or 503.8 points, to end at 10,043.23 points.
 
The equally weighted index EGX 50 rose 3.87 percent, or 67.49 points, to end at 1,810.24 points.  
 
Moreover, the small and mid-cap index EGX 70 increased 2.29 percent, or 42.76 points, to close at 1,911.51 points, and the broader index EGX 100 inched up 3.18 percent, or 87.48 points, at 2,835.89 points.
 
Market capitalization gained around LE 22.09 billion, recording LE 662.97 billion, compared to LE 640.88 billion in Wednesday’s session.
 
The trading volume reached 936.6 million shares, traded through 55,239 transactions, with a turnover of LE 2.41 billion.
 
Foreign investors were net sellers at LE 400.73 million, while Egyptian and Arab investors were net buyers at LE 36.12 million, and LE 364.61 million, respectively.
 
Egyptian and Arab individuals were net sellers at LE 233.77 million, and LE 15.59 million, respectively, while foreign individuals were buyers LE 1 million.
 
Egyptian and Arab organizations bought at LE 269.89 million, and LE 380.2 million, respectively, while foreign organizations sold at LE 401.74 million.
 
E-finance for Digital and Financial Investments, Fawry for Banking Technology and Electronic Payment, and Egyptian Kuwaiti Holding-EGP were top gainers of the session at 18.69 percent, 18.60 percent and 11.46 percent, respectively.
 
Meanwhile, Nozha International Hospital, Maridive & oil services, and General Company for Land Reclamation, Development & Reconstruction were top losers of the session by 4.61 percent, 3.53 percent, and 2.99 percent, respectively.
 
On Wednesday, EGX ended the session in the green zone for the second session in a row, as: EGX30 hiked 1.03 percent, EGX 50 rose 0.84 percent, EGX 70 increased 0.87 percent, and EGX 100 inched up 0.83 percent.
 
 

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