EGX witnesses mixed performance during end of week, market cap. gains LE 2.88B

CAIRO –  18 August 2022: The Egyptian Exchange (EGX) showed a mixed performance during Thursday’s session despite adding around LE 2.88 billion to the market capitalization, amid local and Arab purchases.

 

The benchmark EGX30 rose 0.36 percent, or 36.04 points, to end at 10,094.16 points.

 

The equally weighted index EGX 50 hiked 0.32 percent, or 5.92 points, to end at 1,874.68 points.

 

On the other hand, the small and mid-cap index EGX 70 decreased 0.12 percent, or 2.63 points, to close at 2,159.25 points, and the broader index EGX 100 inched down 0.04 percent, or 1.33 points, at 3,093.89 points.

 

Market capitalization gained around LE 2.88 billion, recording LE 681.73 billion, compared to LE 678.84 billion in Wednesday’s session.

 

The trading volume reached 777.2 million shares, traded through 50,214 transactions, with a turnover of LE 1.28 billion.

 

Foreign investors were net sellers at LE 195.36 million, while Egyptian and Arab investors were net buyers at LE 174.96 million, and LE 20.4 million, respectively.

 

Egyptian, Arab and foreign individuals were net buyers at LE 552,107, LE 25.32 million and LE 441,483, respectively.

 

Arab and foreign organizations sold at LE 4.92 million, and LE 195.8 million, respectively, while Egyptian organizations bought at LE 174.41 million.

 

Egyptians for Investment & Urban Development, International Co for Investment & Development, and El Obour Real Estate Investment were top gainers of the session at 15.97 percent, 15.15 percent and 11.87 percent, respectively.

 

Meanwhile, Orascom Construction PLC, Arab Developers Holding, and Raya Holding for Financial Investments were top losers of the session by 6.23 percent, 5.97 percent, and 4.78 percent, respectively.