EGX ends Wednesday in green, market cap. gains LE 9.86B

CAIRO – 28 August 2019: The Egyptian Exchange (EGX) ended Wednesday’s session in green, adding about LE 9.86 million to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 hiked 2.18 percent, or 312.01 point, to close at 14,595.51 points.

The equally weighted index EGX 50 rose 1.09 percent, or 23.24 points, to end at 2,161.59 points.

The small and mid-cap index EGX 70 inched up 1.29 percent, or 7.01 points, to close at 551.14 points, and the broader index EGX 100 increased 1.43 percent, or 20.37 point, to 1,447.45 points.

Market capitalization gained LE 9.86 million, recording LE 762.96 billion, compared to LE 753.10 billion in Tuesday’s session.

The trading volume reached 181.82 million shares, traded through 23,291 transactions, with a turnover of LE 995.84 million.

Egyptian investors were net buyers at LE 63.91 million, while Arab and foreign investors were net sellers at LE 60.59 million, and LE 3.31 million, respectively.

Egyptian and foreign individuals were net sellers at LE 91.25 million, and LE 3.91 million, respectively, while Arab individuals were net buyers at LE 15.38 million.

Egyptian, Arab and foreign organization bought LE 27.34 million, LE 45.21 million and LE 7.22 million, respectively.

Rowad Tourism (Al Rowad), Export Development Bank of Egypt (EDBE), and El-Nile Co. for Pharmaceuticals and Chemical Industries were top gainers of the session by 9.75 percent, 8.24 percent and 8.02 percent, respectively.

Meanwhile, National Housing for Professional Syndicates, Sabaa International Company for Pharmaceutical and Chemical, and Torah Cement were top losers of the session by 9.26 percent, 6.25 percent, and 3.82 percent, respectively.

EGX ended Tuesday’s session in red, as EGX30 declined 0.05 percent, EGX50 dropped 0.10 percent, EGX70 inched down 0.08 percent, and EGX100 lessened 0.07 percent.