Organizations purchases push EGX into green Thursday

CAIRO – 7 March 2019: The Egyptian Exchange (EGX) ended first week in March in the green zone, and market capitalization gained LE 8.27 billion, amid organizations’ purchases.

The benchmark EGX30 hiked 1.78 percent, or 260.94 points, to close at 14,904.03 points.

The equally weighted index EGX50 jumped 1.27 percent, or 30.35 points, to reach 2,424.44 points.

The small and mid-cap index EGX70 increased 0.10 percent, or 0.69 point, to 708.73 points, and the broader index EGX100 rose 0.32 percent, or 5.73 points, to close at 1,789.05 points.

Market capitalization gained LE 8.27 billion, recording LE 825.27 billion, compared to LE 817 billion in Wednesday’s session.

The trading volume reached 232.11 million shares, traded through 26,804 transactions, with a turnover of LE 1.16 billion.

Egyptian investors were net sellers at LE 61.75 million, while Arab and foreign investors were net buyers at LE 4.5 million and LE 57.23 million, respectively.

Foreign individuals were net buyers at LE 3.37 million, while Egyptian and Arab individuals were net sellers at LE 65.62 million, and LE 16.95 million, respectively.

Egyptian, Arab and foreign organizations bought at LE 3.87 million, LE 21.48 million and LE 53.85 million, respectively.

National Bank of Kuwait- Egypt- NBK, Oriental Weavers, and Paint & Chemicals Industries (Pachin) were top gainers of the session by 8.05 percent, 5.03 percent and 4.65 percent, respectively.

Meanwhile, Egyptian International Pharmaceuticals (EIPICO), Sues Canal Company for Technology Settling, and Egyptian Satellites (NileSat) were top losers of the session by 9.97 percent, 9.65 percent, and 3.43 percent, respectively.

EGX ended Wednesday’s session in red, as EGX30 dropped 0.58 percent, EGX50 dipped 0.24 percent, EGX70 lessened 0.02 percent, and EGX100 inched down 0.11 percent.