EGX trading on Monday closes in the green amid Egyptian buying

After starting the week off on a mixed note, the Egyptian Exchange (EGX) returned to the green zone despite a slow performance on its benchmark index.

Benchmark index EGX30 inched upwards by 0.33 percent to end the session at 27,665.75 points.

EGX 70 was up by 2.09 percent at 6,822.93 points, while EGX 100 climbed by 2.10 percent to close trading at 9,581.76 points.

Monday’s trading saw 1.13 billion shares exchanged with a turnover of LE 6.57 billion.

Market capitalization was recorded at LE 1.978 trillion.

Trading on securities saw Egyptian investors as net buyers with LE 279.45 million. Foreign and Arab traders were net sellers with LE 179.31 million and LE 100.13 million, respectively.

The top gains of the session were by Asek Company for Mining – Ascom which climbed by 16.33 percent, Prime Holding by 15.05 percent, and Egyptian Kuwaiti Holding-LE by 12.79 percent.

The largest losses of the session were by Electro Cable Egypt which dropped by 5.46 percent, GMC Group for Industrial Commercial & Financial Investments by 4.74 percent, and Egypt Aluminum by 4.40 percent.