Organizational purchases keep EGX in green zone during mid-week session

CAIRO –  17 January 2023: The Egyptian Exchange (EGX) continued trading in the green zone during the mid-week session, adding around LE 9.33 billion to the market capitalization, amid organizational purchases.

 

The benchmark EGX30 increased 0.91 percent, or 143.97 points, to end at 15,981.88 points. 

 

The equally weighted index EGX 50 hiked 0.73 percent, or 20.57 points, to end at 2,848.57 points.

 

The small and mid-cap index EGX 70 rose 2.23 percent, or 64.61 points, to close at 2,962.39 points, and the broader index EGX 100 climbed 1.73 percent, or 75.55 points, at 4,431.88 points.

 

Market capitalization gained around LE 9.33 billion, recording LE 1.052 trillion, compared to LE 1.043 trillion in Monday’s session.

 

The trading volume reached 696.36 million shares, traded through 83,779 transactions, with a turnover of LE 3.14 billion.

 

Arab investors were net sellers at LE 74.44 million, while Egyptian and foreign investors were net buyers at LE 44 million, and LE 30.44 million, respectively.

 

Egyptian and Arab individuals were net sellers at LE 116.33 million, and LE 125.39 million, respectively, while foreign individuals were net buyers at LE 147,167.

 

Egyptian, Arab and foreign organizations bought at LE 160.33 million, LE 50.95 million, and LE 30.29 million, respectively.

 

Asek Company for Mining - Ascom, Egyptian Media Production City, and El Ahli Investment and Development were top gainers of the session at 19.94 percent, 11.71 percent and 10.14 percent, respectively.

 

Meanwhile, El Wadi for International and Investment Development, Pyramisa Hotels, and Abu Dhabi Islamic Bank- Egypt were top losers of the session by 3.29 percent, 3.22 percent, and 2.78 percent, respectively.