EGX records collective rise, market cap. adds LE 13.25B

CAIRO – 7 August 2019: The Egyptian Exchange (EGX) recorded a collective rise during Wednesday’s session, adding about LE 13.25 billion to market capitalization, amid Arab and foreign purchases.

The benchmark EGX 30 rose 1.65 percent, or 224.66 point, to close at 13,880.57 points.

The equally weighted index EGX 50 hiked 1.96 percent, or 38.93 points, to close at 2,025.09 points.

The small and mid-cap index EGX 70 climbed 0.71 percent, or 3.68 points, to close at 522.35 points, and the broader index EGX 100 jumped 1.22 percent, or 16.61 point, to 1,377.16 points.

Market capitalization gained LE 13.25 billion, recording LE 732.69 billion, compared to LE 719.45 billion in Tuesday’s session.

The trading volume reached 231.79 million shares, traded through 21,241 transactions, with a turnover of LE 725.15 million.

Egyptian investors were net sellers at LE 58.3 million, while Arab and foreign investors were net buyers at LE 17.22 million, and LE 41.08 million, respectively.

Egyptian and foreign individuals were net sellers at LE 30.72 million, and LE 3.79 million, respectively, while Arab individuals were net buyers at LE 13.37 million.

Arab and foreign organizations bought at LE 3.84 million, and LE 44.87 million, respectively, while Egyptian organizations sold at LE 27.58 million.

Wadi Kom Ombo Land Reclamation, Sharkia National Food, and Gulf Canadian Real Estate Investment Co. were top gainers of the session by 9.99 percent, 9.24 percent and 5.98 percent, respectively.

Meanwhile, Ismailia National Food Industries, The Egyptian Company for Construction Development-Lift Slab, and National Bank of Kuwait- Egypt- NBK were top losers of the session by 3.75 percent, 3.68 percent, and 3.62 percent, respectively.

EGX ended Tuesday’s session on mixed note, as EGX30 rose 0.42 percent, EGX50 hiked 0.27 percent, while EGX 70 decreased 0.30 percent, and EGX 100 lessened 0.09 percent.
EGX announced earlier, Wednesday, Eid El-Adha holiday to be three days, starting from Sunday, August 11, to Tuesday, August 13.