EGX ends in green for 2nd session in row, market cap. gains LE9.3B

CAIRO – 26 September 2018: The Egyptian Exchange (EGX) continued its uptrend for the second consecutive session, and market capitalization gained LE 9.3 billion, amid Arab purchases.

The benchmark EGX30 rose 1.77 percent, or 253.54 points, to close at 14,612.18 points.

The equally weighted index EGX50 hiked 1.53 percent, or 34.36 points, to reach 2,280.08 points.

The small and mid-cap index EGX70 increased 0.76 percent, or 5.26 points, reaching 695.76 points, and the broader index EGX100 inched up 1.15 percent, or 20.30 points, closing at 1,781.80 points.

Market capitalization gained LE 9.35 billion, recording LE 801.31 billion, compared to LE 791.95 billion in Tuesday’s session.

The trading volume reached 182.24 million shares, traded through 23,413 transactions, with a turnover of LE 775.77 million.

Wadi Kom Ombo Land Reclamation, Egyptian Real Estate Group, and General Silos & Storage were top gainers of the session by 9.93 percent, 9.91 percent and 9.64 percent, respectively.

On the other hand, El Kahera Housing, Rowad Tourism (Al Rowad), and Egyptian Satellites (NileSat) were top losers of the session by 10 percent, 8.45 percent, and 3.79 percent, respectively.

Arab investors were net buyers at LE 45.44 million, while Egyptian and foreign investors were net sellers at LE 37.83 million and LE 7.61 million, respectively.

Arab individuals were net buyers at LE 11.28 million, while Egyptian and foreign individuals were net sellers at LE 84.39 million, and LE 65,537, respectively.

Egyptian and Arab organizations bought at LE 46.56 million and LE 34.16 million, respectively, while foreign organizations sold at LE 7.5million.

EGX ended Tuesday’s session in green, as EGX30 rose 1.11 percent, EGX50 hiked 1.33 percent, EGX70 increased 0.39 and EGX100 inched up 0.58 percent.