EGX30 exceeds 17,000 levels, market cap. gains LE 4.6B



Tue, 29 May 2018 - 01:01 GMT


Tue, 29 May 2018 - 01:01 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 29 May 2018: The Egyptian Exchange (EGX) ended the midweek session on a mixed performance, and market capitalization gained LE 4.6 billion ($260.81 million) amid Arab and foreign purchases.

The benchmark EGX30 rose 2.15 percent, or 357.39 points, to close at 17,005.86 points.

The equally weighted index EGX50 climbed 0.83 percent, or 24.09 points, to reach 2,913.28 points, and the broader index EGX100 went up 0.27 percent, or 5.97 points, to close at 2,183.77 points.

Meanwhile, the small- and mid-cap index EGX70 decreased 0.06 percent, or 0.47 points, closing at 852.66 points.

Market capitalization gained LE 4.6 billion, recording LE 954.21 billion, compared to LE 949.53 billion in Monday’s session.

The trading volume reached 134.89 million shares, traded through 18,512 transactions, with a turnover of LE 813.96 million.

Egyptian investors were net sellers at LE 61.69 million, while Arab and foreign investors were net buyers at LE 43.49 million and LE 18.19 million, respectively.

Egyptian and Arab individuals bought at LE 55.82 million and LE 36.52 million, respectively, while foreign individuals sold at LE 1.02 million.

Arab and foreign organizations were net buyers at LE 6.98 million and LE 19.21 million, respectively, while Egyptian organizations were net sellers at LE 19.21 million.

Sues Canal Company for Technology Settling, El Nasr for Manufacturing Agricultural Crops, and Modern Company for Waterproofing (Bitumode) were top gainers of the session by 10 percent, 9.05 percent and 8.24 percent, respectively.

On the other hand, Northern Upper Egypt Development & Agricultural Production, Mansourah Poultry, and Arab Moltaka Investments Co were top losers of the session by 4.78 percent, 4.59 percent and 4.08 percent, respectively.

The EGX ended Monday’s session in green, as the EGX30 edged up 0.86 percent, EGX50 climbed 0.46 percent, EGX70 increased 0.04 percent and EGX100 went up 0.02 percent.

Trading on the EGX during the holy month of Ramadan is from 10 a.m. to 1:30 p.m. (CLT).



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