EGX flags in green Sunday

CAIRO – 22 December 2019: The Egyptian Exchange (EGX) started week in green zone on the back of the cabinet reshuffle occurred on Sunday’s morning, and market capitalization gained LE 561.57 million, amid foreign purchases.

Parliament approves ministerial reshuffle

CAIRO - 22 December 2019: The House of Representatives approved on Sunday nominations submitted by President Abdel Fatah al-Sisi to reshuffle some ministers in the government of Moustafa Madbouli. The reshuffle was finalized during the plenary session held today.

The benchmark EGX 30 hiked 0.40 percent, or 55.46 points, to close at 13,892.65 points.

The equally weighted index EGX 50 increased 0.15 percent, or 3.02 points, to end at 1,974.11 points.

Moreover, the small and mid-cap index EGX 70 climbed 0.12 percent, or 0.63 points, to close at 530.19 points, the broader index EGX 100 inched up 0.14 percent, or 2 points to 1,395.01 points.

Market capitalization gained LE 561.57 million, recording LE 702.37 billion, compared to LE 701.81 billion in Sunday’s session.

The trading volume reached 77.01 million shares, traded through 13,804 transactions, with a turnover of LE 383.54 million.

Foreign investors were net buyers at LE 52.74 million, while Egyptian and Arab investors were net sellers at LE 41.95 million, and LE 10.78 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 32.03 million, LE 5.17 million, and LE 370,393, respectively.

Egyptian and Arab organizations sold at LE 9.92 million and LE 5.61 million, respectively, while foreign organizations bought LE 53.11 million.

Alexandria National Company for Financial Investment, Sabaa International Company for Pharmaceutical and Chemical, and United Housing & Development were top gainers of the session by 8.33 percent, 6.88 percent and 5.40 percent, respectively.

Meanwhile, MM Group for Industry and International Trade, Gharbia Islamic Housing Development, and North Cairo Mills were top losers of the session by 7.56 percent, 6.64 percent, and 5.83 percent, respectively.

EGX ended Thursday’s session on mixed performance, as: EGX 30 hiked 0.31 percent, EGX100 increased 0.01 percent, while EGX50 dipped 0.32 percent, and EGX 70 dropped 0.15 percent.