EGX ends Tuesday in green, market cap. loses LE 2.29B

CAIRO – 10 September 2019: The Egyptian Exchange (EGX) lost around of LE 2.29 billion of market capitalization Tuesday despite ending the session in green, amid Arab purchases.

The benchmark EGX 30 rose 0.46 percent, or 68.58 point, to close at 14,956.36 points.

The equally weighted index EGX 50 hiked 0.72 percent, or 15.65 points, to end at 2,190.02 points.

The small and mid-cap index EGX 70 inched up 0.03 percent, or 0.14 points, to close at 556.55 points, and the broader index EGX 100 increased 0.57 percent, or 8.35 point, to 1,481.8 points.

Market capitalization lost LE 2.29 billion, recording LE 751.58 billion, compared to LE 774.58 billion in Monday’s session.

The trading volume reached 125.84 million shares, traded through 20,813 transactions, with a turnover of LE 711.43 million.

Arab investors were net buyers at LE 33.65 million, while Egyptian and foreign investors were net sellers at LE 13.5 million, and LE 20.15 million, respectively.

Egyptian and foreign individuals were net sellers at LE 28.65 million, and LE 234,720, respectively, while Arab individuals were net buyers at LE 11.75 million.

Egyptian and Arab organization bought at LE 15.15 million, and LE 21.89 million, respectively, while foreign organizations sold at LE 19.91 million.

ODIN Investments, Northern Upper Egypt Development & Agricultural Production, and Gulf Canadian Real Estate Investment Co. were top gainers of the session by 9.52 percent, 9.25 percent and 8.54 percent, respectively.

Meanwhile, Edita Food Industries S.A.E, Qatar National Bank Alahly, and El-Nile Co. for Pharmaceuticals and Chemical Industries were top losers of the session by 5.35 percent, 3.45 percent, and 2.73 percent, respectively.

EGX ended Monday's session in red, as EGX 30 declined 0.29 percent, EGX 50 dropped 0.42 percent, EGX 70 inched down 0.38 percent, and EGX 100 decreased 0.27 percent.