EGX starts week on mixed note

CAIRO - 20 October 2019: The Egyptian Exchange (EGX) ended Sunday’s session in a semi-collective rise, adding LE 12 million to market capitalization, amid foreign purchases.

The benchmark EGX 30 rose 0.24 percent, or 33.59 point, to close at 14,239.45 points.

The small and mid-cap index EGX 70 increased 0.38 percent, or 2.03 points, to close at 536.74 points, and the broader index EGX 100 jumped 0.25 percent, or 3.48 points, to 1,418.44 points.

On the other hand, the equally weighted index EGX 50 inched down 0.06 percent, or 1.16 points, to end at 2,061.98 points.

Market capitalization gained LE 12 million, recording LE 717.87 billion, compared to LE 714.85 billion in Thursday’s session.

The trading volume reached 103.03 million shares, traded through 16,069 transactions, with a turnover of LE 336.24 million.

Foreign investors were net buyers at LE 15.71 million, while Egyptian and Arab investors were net sellers at LE 14.49 million , and LE 1.22 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 28.11 million, LE 4.03 million, and LE 1.73 million, respectively.

Egyptian, Arab and foreign organizations bought at LE 13.61 million, LE 2.82 and LE 17.43 million, respectively.

El Kahera El Watania Investment, Raya Holding for Financial Investments , and Gulf Canadian Real Estate Investment Co. were top gainers of the session by 9.78 percent, 7.41 percent and 7.23 percent, respectively.

Meanwhile, Saudi Egyptian Investment & Finance, Alexandria National Company for Financial Investment, and Misr Beni Suef Cement were top losers of the session by 3.79 percent, 3.50 percent, and 3.36 percent, respectively.

EGX recorded a semi-collective rise during Thursday’s session, as EGX 30 inched down 0.02 percent, while EGX 50 climbed 0.88 percent, EGX 70 increased 0.61 percent, and EGX 100 jumped 0.53 percent.