EGX ends Thursday in green for 2nd session in row

CAIRO – 30 January 2020: The Egyptian Exchange (EGX) ended Thursday's session in green for the second consecutive session, adding LE 8.25 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 hiked 1.13 percent, or 156 points, to close at 13,918.84 points.

The equally weighted index EGX 50 jumped 1.59 percent, or 30.32 points, to end at 1,935.88 points.

Moreover, the small and mid-cap index EGX 70 rose 0.76 percent, or 10.48 points, to close at 1,277.48 points, and the broader index EGX 100 increased 0.76 percent, or 10.48 points to 1,395.11 points.

Market capitalization gained LE 8.25 billion, recording LE 708.14 billion, compared to LE 699.89 billion in Wednesday's session.

The trading volume reached 232.82 million shares, traded through 27,675 transactions, with a turnover of LE 804.94 million.

Egyptian investors were net buyers at LE 27.93 million, while Arab and foreign investors were net sellers at LE 5.06 million, and LE 22.87 million, respectively.

Arab and foreign individuals were net sellers at LE 13.09 million and LE 1.22 million, respectively, while Egyptian individuals were net buyers at LE 21.3 million.

Egyptian and Arab organizations bought at LE 6.63 million, and LE 8.03 million, respectively, while foreign organizations sold at LE 21.65 million.

Telecom Egypt, Ismailia National Food Industries, and Raya Holding For Financial Investments were top gainers of the session 9.98 percent, 9.92 percent and 8.33 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Edita Food Industries S.A.E, and El-Nile Co. for Pharmaceuticals and Chemical Industries were top losers of the session by 4.50 percent, 3.45 percent, and 3.28 percent, respectively.

EGX ended Wednesday's session in green, as: EGX30 hiked 1.04 percent, EGX 50 jumped 1.86 percent, EGX 70 rose 1.38 percent, and EGX 100 increased 1.53 percent.