EGX turns into green, benchmark exceeds 14K levels

Wed, Jun. 26, 2019
CAIRO – 26 June 2019: The Egyptian Exchange (EGX) ended Wednesday’s session in green after witnessing a downtrend continued for seven sessions in row, adding about LE 8.4 billion to market capitalization, amid foreignpurchases.

The benchmark EGX 30 rose 1.27 percent, or 175.76 points, to close at 14,006.99 points.

The equally weighted index EGX 50 increased 1.95 percent, or 39.74 points, to close at 2,073.19 points.

The small and mid-cap index EGX 70 hiked 0.61 percent, or 3.66 points, to close at 601.8 points, and the broader index EGX 100 inched up 0.74 percent, or 11.31 point, to 1,534.43 points.

Market capitalization gained LE 8.4 billion, recording LE 750.48 billion, compared to LE 742.06 billion in Monday’s session.

The trading volume reached 273.72 million shares, traded through 19,054 transactions, with a turnover of LE 1.06 billion.

Foreign investors were net buyers at LE 134.59 million, while Egyptian and Arab investors were net sellers at LE 117.55 million, and LE 17.03 million, respectively.

Egyptian and foreign individuals were net sellers at LE 159.55 million, and LE 230,295, respectively, while Arab individuals were net buyers at LE 6.71 million.

Egyptian and foreign organizations bought at LE 41.99 million and LE 134.82 million, respectively, while Arab organizations sold at LE 23.74 million.

WadiKomOmbo Land Reclamation, Orascom Investment Holding, and Egypt Aluminum were top gainers of the session by 6.88 percent, 6.05 percent and 5.88 percent, respectively.

Meanwhile, Misr Cement (Qena), Al Baraka Bank Egypt and Delta Sugar were top losers of the session by 5.72 percent, 3.31 percent, and 2.96 percent, respectively.

EGX ended Tuesday’s session in red for the seventh session in row, as EGX30 declined 0.26 percent, EGX70 dropped 0.29 percent, and EGX100 inched down 0.33 percent
There are no comments on this article.

Leave a comment