EGX flags in green for 2nd session in row, market cap. gains LE22.97B

CAIRO – 21 March 2023: The Egyptian Exchange (EGX) traded in the green zone for the second consecutive session, adding around LE 22.97 billion to the market capitalization, amid Egyptian and Arab purchases.

 

The benchmark EGX30 rose 2.69 percent, or 401.85 points, to end at 15,325.66 points.

 

The equally weighted index EGX 50 increased 2.64 percent, or 68.21 points, to end at 2,647.97 points.

 

The small and mid-cap index EGX 70 hiked 3.05 percent, or 85.15 points, to close at 2,771.63 points, and the broader index EGX 100 climbed 3.04 percent, or 121.03 points, at 4,096.24 points.

  

Market capitalization gained around LE 22.97 billion, recording LE 993.57 billion, compared to LE 970.59 billion in Monday’s session.

 

The trading volume reached 451.67 million shares, traded through 61,743 transactions, with a turnover of LE 1.62 billion.

 

Foreign investors were net sellers at LE 168.24 million, while Egyptian and Arab investors were net buyers at LE 101.67 million, and LE 66.57 million, respectively.

 

Egyptian, Arab and foreign individuals were net sellers at LE 44.73 million, LE 2.64 million, and LE 1.9 million, respectively.

 

Egyptian and Arab organizations bought at LE 146.39 million, and LE 69.21 million, respectively, while foreign individuals sold at LE 166.34 million.

 

Belton Financial Holding, Arab Moltaka Investments Co, and Sidi Kerir Petrochemicals - SIDPEC were top gainers of the session at 12.06 percent, 10.43 percent and 9.50 percent, respectively.

 

Meanwhile, Obour Land for Food Industries, El Ahli Investment and Development, and Rubex International for Plastic and Acrylic Manufacturing were top losers of the session by 6.85 percent, 5.12 percent, and 4.62 percent, respectively.