EGX adds LE 11.11B to market capitalization

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Thu, 19 Mar 2020 - 02:03 GMT

BY

Thu, 19 Mar 2020 - 02:03 GMT

FILE- The EGX trading session on December 12, 2017, which is the first trading day of Ibnsina IPO

FILE- The EGX trading session on December 12, 2017, which is the first trading day of Ibnsina IPO

CAIRO – 19 March 2020: The Egyptian Exchange (EGX) ended Thursday's session in a semi-collective rise after being in the red zone for a while, adding LE 11.11 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 rose 5.13 percent, or 448.88 points, to close at 9,205.58 points.

The equally weighted index EGX 50 climbed 0.92 percent, or 10.96 points, to end at 1,199.09 points, and the broader index EGX 100 jumped 0.24 percent, or 2.26 points to 930.12 points.

On the other hand, the small and mid-cap index EGX 70 decreased 0.34 percent, or 2.88 points, to close at 840.47 points.

Market capitalization gains LE 11.11 billion, recording LE 504.74 billion, compared to LE 493.63 billion in Wednesday’s session.

The trading volume reached 483.21 million shares, traded through 34,743 transactions, with a turnover of LE 1.24 billion.

Egyptian investors were net buyers at LE 377.78 million, while Arab and foreign investors were net sellers at LE 42.16 million, and LE 335.62 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 86.34 million, LE 29.6 million and LE 7.1 million, respectively.

Arab and foreign organizations sold at LE 12.55 million, and LE 328.51 million, respectively, while Egyptian organizations bought at LE 464.11 million.

Alexandria New Medical Center, Modern Company for water proofing (Bitumode), and Electro Cable Egypt were top gainers of the session at 9.77 percent, 9.42 percent and 9.42 percent, respectively.

Meanwhile, MM Group for Industry and International Trade, Ismailia National Food Industries, and El Ahram Co. for Printing and Packing were top losers of the session by 10 percent, 9.99 percent, and 9.98 percent, respectively.

On Wednesday’s session, EGX flagged in red for the fourth session in row, as EGX 30 lessened 4.84 percent, EGX 50 dipped 5.37 percent, EGX 70 decreased 5.67 percent, and EGX 100 declined 5 percent.

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