EGX ends week in green

CAIRO – 13 February 2020: The Egyptian Exchange (EGX) ended last session of the week in green, adding around LE 474.51 million to market capitalization, amid foreign purchases.

The benchmark EGX 30 inched up 0.10 percent, or 14.29 points, to close at 13,859.45 points.

The equally weighted index EGX 50 rose 0.14 percent, or 2.74 points, to end at 1,900.14 points.

Moreover, the small and mid-cap index EGX 70 hiked 0.72 percent, or 9.11 points, to close at 1,266.53 points and the broader index EGX 100 increased 0.27 percent, or 3.68 points to 1,384.09 points.

Market capitalization gained LE 474.51 million, recording LE 700.65 billion, compared to LE 700.18 billion in Wednesday’s session.

The trading volume reached 157.98 million shares, traded through 18,729 transactions, with a turnover of LE 629.98 million.

Foreign investors were net buyers at LE 77.82 million, while Egyptian and Arab investors were net sellers at LE 41.91 million, and LE 35.91 million, respectively.

Egyptian and Arab individuals were net buyers at LE 35.85 million, and LE 11.76 million, respectively, while foreign individuals were net sellers at LE 3.14 million.

Egyptian and Arab organizations sold at LE 77.75 million, and LE 37.68 million, respectively, while foreign organizations bought at LE 80.96 million.

El Kahera Housing, United Housing & Development, and Gharbia Islamic Housing Development were top gainers of the session 9.34 percent, 8.07 percent and 7.99 percent, respectively.

Meanwhile, Misr Beni Suef Cement, National Housing for Professional Syndicates, and Memphis Pharmaceuticals were top losers of the session by 8.28 percent, 7.11 percent, and 4.61 percent, respectively.

EGX ended Wednesday’s session in red, as: EGX 30 declined 1.17 percent, EGX 50 dropped 1.27 percent, EGX 70 lessened 0.94 percent, and EGX 100 decreased 0.79 percent.