EGX ends Thursday in semi-collective rise, market cap. gains LE580.06M

CAIRO – 22 September 2022: The Egyptian Exchange (EGX) ended Thursday’s session in a semi-collective rise, adding around LE 580.06 million to the market capitalization, amid foreign selling. 

 

The benchmark EGX30 declined 0.23 percent, or 22.8 points, to end at 9,933.05 points.

 

On the other hand, the equally weighted index EGX 50 rose 0.25 percent, or 4.74 points, to end at 1,900.21 points.

 

The small and mid-cap index EGX 70 increased 0.17 percent, or 3.77 points, to close at 2,192.33 points, and the broader index EGX 100 hiked 0.14 percent, or 4.41 points, at 3,127.17 points.

 

Market capitalization gained around LE 580.06 million, recording LE 687.4 billion, compared to LE 686.82 billion in Wednesday’s session.

 

The trading volume reached 398.78 million shares, traded through 40,265 transactions, with a turnover of LE 821.17 million.

 

Foreign investors were net sellers at LE 72.68 million, while Egyptian and Arab investors were net buyers at LE 71.8 million, and LE 880,769, respectively.

 

Egyptian, Arab, and foreign individuals were net buyers at LE 46.5 million, LE 3.71 million, and LE 316,025, respectively.

 

Arab and foreign organizations sold at LE 2.83 million, and LE 72.99 million, respectively, while Egyptian organizations bought at LE 25.29 million.

 

Raya Holding For Financial Investments, Memphis Pharmaceuticals, and Arab Valves Company were top gainers of the session at 18.10 percent, 9.79 percent and 9.78 percent, respectively.

 

Meanwhile, Gharbia Islamic Housing Development, Medinet Nasr Housing, and Egyptian Kuwaiti Holding were top losers of the session by 6.81 percent, 4.58 percent, and 4.55 percent, respectively.

 

On Wednesday, the EGX ended the session in the red zone, as: EGX30 declined 0.55 percent, EGX 50 dipped 0.25 percent, EGX 70 decreased 0.43 percent, and EGX 100 inclined 0.57 percent