EGX ends Wednesday in green, market cap. gains LE 6.5B

BY

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Wed, 18 Jul 2018 - 01:48 GMT

BY

Wed, 18 Jul 2018 - 01:48 GMT

File - EGX

File - EGX

CAIRO – 18 June 2018: The Egyptian Exchange (EGX) returned to the green zone after four session s of regression, adding LE 6.49 billion of its market capitalization, amid Egyptian and Arab buying.

The benchmark EGX30 rose 1.07 percent, or 165.29 points, to close at 15,586.01 points.

The equally weighted index EGX50 climbed 0.86 percent, or 22.57 points, to reach 2,656.51 points.

The small and mid-cap index EGX70 went up 0.20 percent, or 1.53 points, at 755.70 points, and the broader index EGX100 jumped 0.34 percent, or 6.55 points, closing at 1,938.66 points.

Market capitalization gained LE 6.49 billion, recording LE 873.08 billion, compared to LE 866.58 billion in Tuesday's session.

The trading volume reached 121.05 million shares, traded through 17,290 transactions, with a turnover of LE 753.83 million.

Foreign investors were net sellers at LE 52.17 million, while Egyptian and Arab investors were net buyers at LE 41.47 million and LE 10.7 million, respectively.

Egyptian and Arab individuals were net sellers at LE 2.22 million and LE 2.04 million, respectively, and foreign individuals were net buyers at LE 503,049.

Egyptian and Arab organizations bought at LE 43.69 million and LE 12.7 million, respectively, while foreign organizations sold at LE 52.67 million.

El Shams Housing & Urbanization, El Arabia Engineering Industries, and North Africa Co. for Real Estate Investment were top gainers of the session by 8.63 percent, 6.35 percent and 5.93 percent, respectively.

On the other hand, Zahraa Maadi Investment & Development, Suez Cement, and Credit Agricole Egypt were top losers of the session by 23.68 percent, 4 percent and 2.38 percent, respectively.

EGX ended Tuesday session in red, as EGX30 slipped 1.50 percent, EGX50 dropped 0.84 percent, EGX70 decreased 1.06 percent, and EGX100 went down 1.27 percent.

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