EGX ends week on mixed performance

CAIRO – 19 December 2019: The Egyptian Exchange (EGX) ended Thursday’s session on mixed note and market capitalization gained LE300 million, amid foreign purchases.

The benchmark EGX 30 hiked 0.31 percent, or 43.2 points, to close at 13,837.19 points.

The broader index EGX 100 inched up 0.01 percent, or 0.09 points to 1,393.01 points

On the other hand, the equally weighted index EGX 50 decreased 0.32 percent, or 6.25 points, to end at 1,971.09 points, and the small and mid-cap index EGX 70 dipped 0.15 percent, or 0.8 points, to close at 529.56 points.

Market capitalization gained LE 300.24 million, recording LE 701.81 billion, compared to LE 701.51 billion in Wednesday's session.

The trading volume reached 117.01 million shares, traded through 20,285 transactions, with a turnover of LE 871.18 million.

Foreign investors were net buyers at LE 186.73 million, while Egyptian and Arab investors were net sellers at LE 179.58 million, and LE 7.14 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 94.31 million, LE 2.78 million, and LE 4.14 million, respectively.

Egyptian and Arab organizations sold at LE 85.27 million and LE 4.35 million, respectively, while foreign organizations bought LE 190.87 million.

Middle & West Delta Flour Mills, Sabaa International Company for Pharmaceutical and Chemical, and Universal For Paper and Packaging Materials (Unipack) were top gainers of the session by 9.68 percent, 9.25 percent and 8.80 percent, respectively.

Meanwhile, El Arabia for Land Reclamation, Mohandes Insurance, and Egypt for Poultry were top losers of the session by 9.97 percent, 7.58 percent, and 6.98 percent, respectively.

EGX ended Wednesday’s session in green, as: EGX 30 hiked 1.22 percent, EGX 50 increased 1.01 percent, EGX 70 climbed 0.62 percent, and EGX 100 jumped 0.80 percent.