EGX flags in green in August's 1st trading session

CAIRO – 1 August 2019: The Egyptian Exchange (EGX) entered the green zone during the first session of August, adding about LE 2.49 billion to market capitalization, amid foreign organizations purchases.

The benchmark EGX 30 rose 1 percent, or 133.46 point, to close at 13,525.93 points.

The equally weighted index EGX 50 hiked 1.01 percent, or 19.75 points, to close at 1,970.27 points.

The small and mid-cap index EGX 70 climbed 0.35 percent, or 1.84 points, to close at 522.12 points, and the broader index EGX 100 jumped 0.96 percent, or 12.89 point, to 1,359.91 points.

Market capitalization gained LE 2.49 billion, recording LE 717.62 billion, compared to LE 715.12 billion in wednesday's session.

The trading volume reached 164.85 million shares, traded through 14,058 transactions, with a turnover of LE 502.21 million.

Foreign investors were net buyers at LE 25.4 million, while Egyptian and Arab investors were net sellers at LE 22.71 million, and LE 2.69 million, respectively.

Egyptian and Arab individuals were net buyers at LE 81.26 million, and LE 4.66 million, respectively, while foreign individuals were net sellers at LE 859,005.

Egyptian and Arab organizations sold at LE 103.97 million, and LE 7.35 million, respectively, while foreign organizations bought at LE 26.26 million.

Cairo Educational Services, Suez Canal Bank, and Abu Dhabi Islamic Bank- Egypt were top gainers of the session by 9.90 percent, 9.74 percent and 8.65 percent, respectively.

Meanwhile, Assiut Islamic Trading, Alexandria Cement, and Citadel Capital - Common Shares were top losers of the session by 9.99 percent, 9.86 percent, and 8.64 percent, respectively.

EGX ended Wednesday's session on mixed performance, as EGX30 rose 0.21 percent, while EGX50 dropped 0.68 percent, EGX 70 dipped 0.56 percent, and EGX 100 lessened 0.42 percent.