EGX ends week in green, market cap. gains LE4B

CAIRO – 26 December 2019: The Egyptian Exchange (EGX) ended last session of the week in green backed by organizational purchases, and market capitalization gained LE 4.05 billion.

The benchmark EGX 30 hiked 1 percent, or 137.27 points, to close at 13,884.95 points.

The equally weighted index EGX 50 increased 0.42 percent, or 8.26 points, to end at 1,959.15 points.

Moreover, the small and mid-cap index EGX 70 rose 0.34 percent, or 1.81 points, to close at 529.65 points, the broader index EGX 100 climbed 0.41 percent, or 5.71 points to 1,391.88 points.

Market capitalization gained LE 4.05 billion, recording LE 700.55 billion, compared to LE 696.49 billion in Wednesday’s session.

The trading volume reached 72.38 million shares, traded through 12,611 transactions, with a turnover of LE 392.37 million.

Foreign investors were net buyers at LE 51.6 million, while Egyptian and Arab investors were net sellers at LE 51.02 million, and LE 583,981, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 93.33 million, LE 5.72 million, and LE 57,514, respectively.

Egyptian, Arab and foreign organizations bought at LE 42.31 million, LE 5.14 million, and LE 51.66 million, respectively.

Lecico Egypt, Sabaa International Company for Pharmaceutical and Chemical, and Naeem Holding were top gainers of the session by 8.02 percent, 7.74 percent and 5.88 percent, respectively.

Meanwhile, Zahraa Maadi Investment & Development, El Nasr For Manufacturing Agricultural Crops, and Belton Financial Holding were top losers of the session by 5.24 percent, 3.72 percent, and 3.72 percent, respectively.