EGX ends week in green, market cap. gains LE7.3B

CAIRO – 26 September 2019: The Egyptian Exchange (EGX) ended Thursday's session in green, marking a hike for the second consecutive session after a harsh downtrend continued for three sessions

The benchmark EGX 30 hiked 1.93 percent, or 262.51 point, to close at 13,857.12 points.

The equally weighted index EGX 50 rose 1.10 percent, or 21 points, to end at 1,929.56 points.

The small and mid-cap index EGX 70 climbed 0.75 percent, or 3.71 points, to close at 499.82 points, and the broader index EGX 100 increased 0.93 percent, or 12.29 points, to 1,339.59 points.

Market capitalization gained LE 7.3 billion, recording LE 695.79 billion, compared to LE 688.48 billion in Wednesday's session.

The trading volume reached 267.29 million shares, traded through 26,041 transactions, with a turnover of LE 965.98 million.

Egyptian investors were net sellers at LE 143.12 million, while Arab and foreign investors were net buyers at LE 131.1 million, and LE 12.02 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 75.68 million, LE 6.48 million, and LE 2.88 million, respectively.

Arab and foreign organizations bought at LE 137.59 million, and LE 14.91 million, respectively, while Egyptian organizations sold at LE 67.44 million.

Zahraa Maadi Investment & Development, Northern Upper Egypt Development & Agricultural Production, and Samad Misr -EGYFERT were top gainers of the session by 9.49 percent 8.33 percent and 7.99 percent, respectively.

Meanwhile, Gharbia Islamic Housing Development, Nozha International Hospital, and Alexandria Containers and goods were top losers of the session by 7.57 percent, 2.42 percent, and 2.24 percent, respectively.

EGX ended Wednesday's session in green, as EGX30 jumped 1.25 percent, EGX70 climbed 0.64 percent, and EGX100 hiked 0.92 percent.