Egyptian, Arab purchases pushes EGX into green zone Tuesday

CAIRO – 10 December 2019: The Egyptian exchange ended its downtrend on Tuesday, with all indices flagging in green, and market capitalization gained LE 1.86 billion, amid Egyptian and Arab purchases.

The benchmark EGX 30 rose 0.49 percent, or 66.5 points, to close at 13,509.02 points.

The equally weighted index EGX 50 hiked 0.65 percent, or 12.55 points, to end at 1,958.16 points

The small and mid-cap index EGX 70 increased 0.67 percent, or 3.51 points, to close at 526.58 points, and the broader index EGX 100 inched up 0.52 percent, or 7.15 points, to 1,376.2 points.

Market capitalization gained LE 1.86 billion, recording LE 694.75 billion, compared to LE 692.88 billion in Monday’s session.

The trading volume reached 86.77 million shares, traded through 15,653 transactions, with a turnover of LE 534 million.

Foreign investors were net sellers at LE 54.35 million, while Egyptian and Arab investors were net sellers at LE 52.67 million, and LE 1.67 million, respectively.

Egyptian and Arab individuals were net buyers at LE 15.98 million and LE 2.73 million, respectively, while foreign individuals were net sellers at LE 7.8 million.

Arab and foreign organizations sold at LE 1.05 million, and LE 46.52 million, respectively, while Egyptian organizations bought at LE 36.68 million.

National Real Estate Bank for Development, Nasr Company for Civil Works, and Arab Moltaka Investments Co were top gainers of the session by 9.86 percent, 7.30 percent and 6.83 percent, respectively.

Meanwhile, Al Tawfeek Leasing Company-A.T.LEASE, Sues Canal Company for Technology Settling, and Societe Arabe Internationale De Banque (SAIB) were top losers of the session by 8.06 percent, 5.85 percent, and 4.72 percent, respectively

On Monday, EGX ended trading in red, as EGX30 lessened 0.38 percent, EGX50 declined 0.44 percent, EGX70 dropped 0.14 percent, and EGX100 dipped 0.22 percent.