EGX witnesses semi-collective rise during mid-week session

CAIRO – 11 February 2020: The Egyptian Exchange (EGX) ended Tuesday in a semi-collective rise, losing around LE 128.27 million of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 rose 0.21 percent, or 29.96 points, to close at 14,009.32 points.

The equally weighted index EGX 50 hiked 0.25 percent, or 4.74 points, to end at 1,921.84 points, and the small and mid-cap index EGX 70 climbed 0.10 percent, or 1.25 points, to close at 1,269.39 points.

On the other hand, the broader index EGX 100 decreased 0.17 percent, or 2.33 points to 1,391.36 points.

Market capitalization lost LE 128.27 million, recording LE 706.38 billion, compared to LE 706.51 billion in Monday’s session.

The trading volume reached 105.26 million shares, traded through 19,891 transactions, with a turnover of LE 532.43 million.

Egyptian investors were net buyers at LE 56.48 million, while Arab and foreign investors were net sellers at LE 35.17 million, and LE 21.31 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 52 million, LE 5.69 million, and LE 965,741, respectively.

Arab and foreign organizations sold at LE 40.86 million, and LE 22.27 million, respectively, while Egyptian organizations bought at LE 4.47 million.

Zahraa Maadi Investment & Development, Modern Company for water proofing (Bitumode), and El Nasr Clothes & Textiles (Kabo) were top gainers of the session 9.84 percent, 7.89 percent and 7.65 percent, respectively.

Meanwhile, Gharbia Islamic Housing Development, Delta Construction & Rebuilding, and The Egyptian Company for Construction Development-Lift Slab were top losers of the session by 7.04 percent, 4.17 percent, and 3.54 percent, respectively.

EGX ended Monday’s session in green, as: EGX 30 declined 0.91 percent, EGX 50 dropped 1.11 percent, EGX 70 dipped 0.75 percent, and EGX 100 decreased 0.82 percent.