EGX adds LE3.13B to market capitalization Wednesday

CAIRO - 20 February 2019: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed performance, and market capitalization gained LE 3.13 billion, amid foreign selling.

The benchmark EGX30 hiked 0.38 percent, or 57.7 points, to close at 15,213.54 points.

Meanwhile, the equally weighted index EGX50 jumped 1.39 percent, or 34.09 points, to reach 2,479.34 points.

On an opposite direction, the small and mid-cap index EGX70 decreased 0.31 percent, or 2.24 points, to 719.66 points, and the broader index EGX100 dropped 0.21 percent, or 3.78 points, to close at 1,818.59 points.

Market capitalization gained LE 3.13 billion, recording LE 839.55 billion, compared to LE 836.42 billion in Tuesday’s session.

The trading volume reached 399.08 million shares, traded through 34,840 transactions, with a turnover of LE 1.66 billion.

Foreign investors were net sellers at LE 64.75 million, while Egyptian and Arab investors were net buyers at LE 51.7 million and LE 13.05 million, respectively.

Arab individuals were net sellers at LE 7.78 million, while Egyptian and foreign individuals were net buyers at LE 60.37 million, and LE 1.01 million, respectively.

Arab organizations bought at LE 20.84 million, while Egyptians and foreign organizations sold at LE 8.67 million, and LE 65.76 million, respectively.

Ibnsina Pharma, Memphis Pharmaceuticals, and Assiut Islamic Trading were top gainers of the session by 14.61 percent, 8.17 percent and 6.86 percent, respectively.

Meanwhile, International Co for Investment & Development, El Arabia Engineering Industries, and Alexandria New Medical Center were top losers of the session by 8.08 percent, 5.45 percent, and 4.45 percent, respectively.

EGX ended Tuesday’s session on mixed performance, as EGX30dropped 0.47 percent, EGX50 declined 0.31 percent, while EGX70 rose 0.12 percent and EGX100 increased 0.05 percent.