EGX continues its upward trend, market cap. reaches LE 940B



Tue, 06 Mar 2018 - 01:48 GMT


Tue, 06 Mar 2018 - 01:48 GMT

Traders work at the Egyptian stock exchange in Cairo- REUTERS

Traders work at the Egyptian stock exchange in Cairo- REUTERS

CAIRO – 6 March 2018: The Egyptian Exchange (EGX) indices kept its upward track for the third consecutive session, amid purchases of Arab and foreign investors to raise market capitalization to LE 940.37 billion.

The benchmark EGX30 rose 1.99 percent, or 313.25 points, to end at 16,022.26 points.

The equally weighted index EGX50 increased 1.33 percent, or 36.24 points, to reach 2754.57 points.

The small and mid-cap index EGX70 went up 0.70 percent, up to 881.44 points, and the broader index EGX100 edged up 1.50 percent, ending at 2163.73 points.

Market Capitalization gained LE 11.4 billion, recording LE 940.37 billion ($53.27 billion), compared to LE 928.95 billion in Monday’s session.

The trading volume reached 313.29 million shares traded through 34,051 transactions with a turnover of LE 1.92 billion.

Arab and foreign investors were net buyers at LE 14.5 million and LE 249.8 million, respectively, while Egyptian investors were net sellers at LE 264.3 million.

Egyptian and Arab individuals were net sellers at LE 274.39 million and LE 16.5 million, respectively, while foreign investors were net buyers at LE 6.94 million.

Egyptian, Arab and foreign organizations bought at LE 10.09 million, LE 31 million and LE 242.86 million, respectively.

Gharbia Islamic Housing Development, Misr National Steel – Ataqa and International Co for Investment & Development were top gainers of the session by 9.98 percent, 9.98 percent, and 9.97 percent, respectively.

While National Company for maize products, Universal for Paper and Packaging Materials (Unipack) and Memphis Pharmaceuticals were top losers of the session by 5.66 percent, 5.32 percent, and 4.83 percent, respectively.

EGX ended Monday in green as EGX 30 upped 1.22 percent, EGX 70 increased 1.22 percent, EGX 100 rose 1.12 percent and EGX50 went up 0.72 percent.



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