Foreign purchases push EGX into green zone


Wed, 04 Dec 2019 - 02:00 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO - 4 December 2019: The Egyptian Exchange (EGX) ended Wednesday’s session in green, adding LE 7.93 billion of market capitalization, amid foreign purchases.

The benchmark EGX 30 rose 1.23 percent, or 165.92 points, to close at 13,635.52 points.

The equally weighted index EGX 50 increased 2.20 percent, or 42.5 points, to end at 1,976.03 points, and the broader index EGX 100 inched up 1.43 percent, or 19.58 points, to 1,386.71 points.

The small and mid-cap index EGX 70 hiked 1.54 percent, or 8.06 points, to close at 529.93 points.

Market capitalization gained LE 7.93 billion, recording LE 696.35 billion, compared to LE 688.42 billion in Wednesday’s session.

The trading volume reached 105.19 million shares, traded through 17,451 transactions, with a turnover of LE 801.23 million.

Foreign investors were net buyers at LE 94.14 million, while Egyptian and Arab investors were net sellers at LE 84.54 million, and LE 9.59 million, respectively.

Arab and foreign individuals were net buyers at LE 64.74 million, and LE 118,684, respectively, while Egyptian individuals were net sellers at LE 15.6 million.

Egyptian and Arab organizations sold at LE 68.94 million, and LE 74.34 million, respectively, while foreign organizations bought at LE 94.02 million.

Alexandria Cement, Sues Canal Company for Technology Settling, and Torah Cement were top gainers of the session by 9.93 percent, 9.72 percent and 8.97 percent, respectively.

Meanwhile, Middle & West Delta Flour Mills, Upper Egypt Flour Mills, and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 9.07 percent, 9.01 percent, and 4.56 percent, respectively.



Leave a Comment

Recommend Article

Be Social