EGX flags in green for 2nd session in row

CAIRO – 11 December 2018: The Egyptian Exchange (EGX) ended Tuesday’s session in green for second session in row amid Egyptian and foreign purchases and market capitalization gains about LE 7.8 billion.

The benchmark EGX30 rose 1.51 percent, or 188.23 points, to close at 12,664.41 points.

The equally weighted index EGX50 increased 1.54 percent, or 31.57 points, to reach 2,081.81 points.

The small and mid-cap index EGX70 inched up 1.21 percent, or 8.01 points, reaching 668.68 points, and the broader index EGX100 went up 1.16 percent, or 19.13 points, to close at 1,666.56 points.

Market capitalization gained LE 7.78 billion, recording LE 724.37 billion, compared to LE 716.58 billion in Monday’s session.

The trading volume reached 162.69 million shares, traded through 22,257 transactions, with a turnover of LE 913.52 million.

Arab investors were net sellers at LE 63.48 million, while Egyptian and foreign investors were net buyers at LE 52.2 and LE 11.28 million, respectively.

Egyptian individuals were net sellers at LE 20.9 million, while Arab and foreign individuals were net buyers at LE 15.33 million, and LE 838,113, respectively.

Arab organizations sold at LE 78.82 million, while Egyptian and foreign organizations bought at LE 73.1 million, and LE 10.44 million, respectively.

Natural Gas & Mining Project (Egypt Gas), Global Telecom Holding, and Memphis Pharmaceuticals were top gainers of the session by 9.19 percent, 8.14 percent and 7.58 percent, respectively.

Meanwhile, El Arabia Engineering Industries, Alexandria Cement, and Naeem Holding were top losers of the session by 7.89 percent, 5.87 percent, and 2.89 percent, respectively.

EGX ended Monday’s session in green, as EGX 30 rose 2.77 percent, EGX50 increased 2.10 percent, EGX70 inched up 0.89 percent, and EGX100 went up 1.12 percent.