EGX gains LE9.87B by end of week amid local purchases

CAIRO – 27 July 2023: The Egyptian Exchange (EGX) ended Thursday’s session on a mixed note, adding around LE 9.87 billion to the market capitalization, amid local purchases.

 

The benchmark EGX30 dropped 0.33 percent, or 57.18 points, to end at 17,339.06 points.

 

The equally weighted index EGX 50 declined 0.45 percent, or 14.25 points, to end at 3,144.88 points.

 

On the other hand, the small and mid-cap index EGX 70 increased 1.70 percent, or 58.73 points, to close at 3,516.56 points, and the broader index EGX 100 rose 1.10 percent, or 56.45 points, at 5,171.05 points.

  

Market capitalization gained around LE 9.87 billion, recording LE 1.179 trillion, compared to LE 1.169 trillion in Wednesday’s session.

 

The trading volume reached 1.09 billion shares, traded through 70,188 transactions, with a turnover of LE 2.42 billion.

 

Egyptian investors were net buyers at LE 123.3 million, while Arab and foreign investors were net sellers at LE 66.55 million, and LE 56.75 million, respectively.

 

Atlas for Investment and Food Industries, Prime Holding, and Giza General Contracting were top gainers of the session at 19.86 percent, 11.52 percent and 10.47 percent, respectively.

 

Meanwhile, Sabaa International Company for Pharmaceutical and Chemical, Speed Medical, and Cleopatra Hospital Company were top losers of the session by 6.71 percent, 4.94 percent, and 3.13 percent, respectively.

 

EGX was off on Thursday, July 20, and Sunday, July 23, on the occasion of the Islamic New Year & 23rd of July Revolution Holidays. Trading resumed effective Monday, July 24.