EGX starts week in green, market cap. gains LE3.18B

CAIRO –  22 January 2023: The Egyptian Exchange (EGX) ended Sunday’s session in the green zone, adding around LE 3.18 billion to the market capitalization, amid Arab purchases.

 

The benchmark EGX30 increased 0.33 percent, or 52.87 points, to end at 16,118.85 points. 

 

The equally weighted index EGX 50 rose 0.95 percent, or 26.98 points, to end at 2,857.77 points.

 

The small and mid-cap index EGX 70 hiked 0.54 percent, or 16.3 points, to close at 3,014.11 points, and the broader index EGX 100 climbed 0.67 percent, or 30.04 points, at 4,489.79 points.

 

Market capitalization gained around LE 3.18 billion, recording LE 1.056 trillion, compared to LE 1.053 trillion in Thursday’s session.

 

The trading volume reached 708.29 million shares, traded through 77,011 transactions, with a turnover of LE 2.15 billion.

 

Arab investors were net buyers at LE 72.12 million, while Egyptian and foreign investors were net sellers at LE 5.63 million, and LE 66.49 million, respectively.

 

Egyptian and foreign individuals were net sellers at LE 60.32 million, and LE 2.45 million, respectively, while Arab individuals were net buyers at LE 79.1 million.

 

Arab and foreign organizations sold at LE 6.98 million, and LE 64.04 million, respectively, while Egyptian organizations bought at LE 54.68 million.

 

Wadi Kom Ombo Land Reclamation, Gadwa for Industrial Development, and General Company for Land Reclamation,Development & Reconstruction were top gainers of the session at 16.79 percent, 14.59 percent and 12.65 percent, respectively.

 

Meanwhile, Asek Company for Mining - Ascom, Dice Sport & Casual Wear, and Kafr El Zayat Pesticides were top losers of the session by 3.93 percent, 3.09 percent, and 2.99 percent, respectively.