EGX ends week in green, market cap. gains LE 2.3B

CAIRO – 2 April 2020: The Egyptian Exchange (EGX) ended last session of the week, Thursday, in green, adding LE 2.34 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 hiked 0.32 percent, or 30.49 points, to close at 9,455.38 points.

The equally weighted index EGX 50 rose 0.91 percent, or 12.14 points, to end at 1,341.35 points.

Moreover, the small and mid-cap index EGX 70 climbed 0.97 percent, or 9.59 points, to close at 995.86 points, and the broader index EGX 100 jumped 0.63 percent, or 6.37 points to 1,024.34 points.

Market capitalization gained LE 2.34 billion, recording LE 528.4 billion, compared to LE 526.07 billion in Wednesday’s session.

The trading volume reached 184.88 million shares, traded through 21,796 transactions, with a turnover of LE 925.75 million.

Egyptian investors were buyers at LE 336.15 million, while Arab and foreign investors were net sellers at LE 13.5 million, and LE 322.64 million, respectively.

Egyptian and Arab individuals were net buyers at LE 102.13 million, and LE 379,017 respectively, while foreign individuals were net sellers at LE 379,017.

Arab and foreign organizations sold at LE 14.39 million, and LE 322.27 million, respectively, while Egyptian organizations bought at LE 234.01 million.

Lecico Egypt, Edita Food Industries S.A.E, and Misr Cement (Qena) were top gainers of the session at 9.97 percent, 9.96 percent and 9.72 percent, respectively.

Meanwhile, EL Ezz Aldekhela Steel - Alexandria, Ismailia Misr Poultry, and MM Group For Industry and International Trade were top losers of the session by 9.97 percent, 8.06 percent, and 7.11 percent, respectively.

On Wednesday, EGX ended the session in red as: EGX 30 declined 1.76 percent, EGX 50 decreased 1.43 percent, EGX 70 dipped 0.87 percent, and EGX 100 dropped 1.26 percent.