Foreign purchases push EGX into green zone during Sunday's session

CAIRO – 13 August 2023: The Egyptian Exchange (EGX) started the week in the green zone, adding around LE 11.4 billion to the market capitalization, amid foreign purchases.

 

The benchmark EGX30 increased 0.82 percent, or 145.87 points, to end at 17,856.07 points.

 

The small and mid-cap index EGX 70 rose 0.55 percent, or 19.77 points, to close at 3,599.46 points.

 

The broader index EGX 100 hiked 0.72 percent, or 37.83 points, to 5,324.93 points.

  

Market capitalization gained around LE 11.4 billion, recording LE 1.214 trillion, compared to LE 1.203 trillion in Thursday’s session.

 

The trading volume reached 593.09 million shares, traded through 63,392 transactions, with a turnover of LE 1.79 billion.

 

Foreign investors were net buyers at LE 16.28 million, while Egyptian and Arab investors were net sellers at LE 13.46 million, and LE 2.82 million, respectively.

 

Sharm Dreams Co. for Tourism Investment, Memphis Pharmaceuticals, and Taqa Arabia were top gainers of the session at 19.88 percent, 11.16 percent and 6.74 percent, respectively.

 

Meanwhile, Delta Construction & Rebuilding, Sharkia National Food, and Egyptian Real Estate Group were top losers of the session by 13.88 percent, 5.24 percent, and 3.42 percent, respectively.