EGX adds LE2.66B to market cap. despite mixed performance

CAIRO – 12 September 2019: The Egyptian Exchange (EGX) showed mixed performance by the end of last session of the week ,adding about LE 2.66 billion to market capitalization, amid foreign purchases.

The benchmark EGX 30 jumped 0.64 percent, or 95.55 point, to close at 15,110.37 points.

The equally weighted index EGX 50 climbed 0.22 percent, or 4.87 points, to end at 2,198.57 points.
On the other hand , the small and mid-cap index EGX 70 inched down 0.03 percent, or 0.14 points, to close at 556.49 points, and the broader index EGX 100 decreased 0.03 percent, or 0.45 point, to 1,480.62 points.

Market capitalization gained LE 2.66 billion, recording LE 755.14 billion, compared to LE 752.47 billion in Wednesday's session.

The trading volume reached 163.55 million shares, traded through 20,567 transactions, with a turnover of LE 838.82 million.

Foreign investors were net buyers at LE 58.81 million, while Egyptian and Arab investors were net sellers at LE 57.75 million, and LE 1.05 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 38.74 million, LE 26.46 million, and LE 332,057, respectively.

Egyptian organizations sold at LE 19.01 million,while Arab and foreign organization bought at LE 25.41 million, and LE 59.14 million, respectively.

El Obour Real Estate Investment, El Nasr for Manufacturing Agricultural Crops, and Egyptians Housing Development & Reconstruction were top gainers of the session by 8.27 percent, 7.38 percent and 5.67 percent, respectively.

Meanwhile, Alexandria Pharmaceuticals, Samad Misr -EGYFERT, and Egyptian Real Estate Group were top losers of the session by 6.03 percent, 5.17 percent, and 3.84 percent, respectively.

EGX ended Wednesday on mixed note, as EGX 30 rose 0.39 percent, EGX 50 hiked 0.17 percent, EGX 70 inched up 0.01 percent, while EGX 100 decreased 0.05 percent.