EGX ends week in green, market cap. gains LE 1.8B

CAIRO – 20 February 2020: The Egyptian Exchange (EGX) ends last session of the week in green, adding around LE 1.8 billion to market capitalization, amid Egyptian and foreign buying.

The benchmark EGX 30 hiked 0.19 percent, or 25.66 points, to close at 13,720.65 points.

The equally weighted index EGX 50 climbed 0.94 percent, or 17.41 points, to end at 1,871.14 points.

Moreover, the small and mid-cap index EGX 70 jumped 15 percent, or 15 points, to close at 1,256.08 points and the broader index EGX 100 increased 0.44 percent, or 5.98 points to 1,364.67 points.

Market capitalization gained LE 1.78 billion, recording LE 695.64 billion, compared to LE 693.86 billion in Wednesday's session.

The trading volume reached 174.61 million shares, traded through 17,422 transactions, with a turnover of LE 698.93 million.

Arab investors were net sellers at LE 132.62 million, while Egyptian and foreign investors were net buyres at LE 96.85 million, and LE 35.76 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 32.22 million, LE 24.53 million, and LE 689,695, respectively.

Egyptian and foreign organizations bought at LE 129.08 million, and LE 36.46 million, respectively, while Arab organizations sold at LE 108.09 million.

Ismailia National Food Industries, Egyptian Iron & Steel, and El Nasr Clothes & Textiles (Kabo)were top gainers of the session 8.80 percent, 8.56 percent and 8.03 percent, respectively.

Meanwhile, Alexandria National Company for Financial Investment, Gulf Canadian Real Estate Investment Co., and Ismailia Misr Poultry were top losers of the session by 8.36 percent, 4.84 percent, and 3.26 percent, respectively.

EGX ended Wednesday's session in green, as: EGX 30 inched up 0.43 percent, EGX 50 rose 0.41 percent, and EGX 70 hiked 0.29 percent.