EGX adds LE 15.4B to market cap. during collective rise Tuesday



Tue, 07 Apr 2020 - 02:53 GMT


Tue, 07 Apr 2020 - 02:53 GMT



CAIRO – 7 April 2020: The Egyptian Exchange (EGX) continued its uptrend for the second session in row during Tuesday, adding LE 15.4 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 surged 4.17 percent, or 393.63 points, to close at 9,840.62 points.

The equally weighted index EGX 50 jumped 3.84 percent, or 51.58 points, to end at 1,395.9 points.

Moreover, the small and mid-cap index EGX 70 climbed 3.25 percent, or 32.53 points, to close at 1,034.78 points, and the broader index EGX 100 rose 2.90 percent, or 29.76 points to 1,054.4 points.

Market capitalization gained LE 15.4 billion, recording LE 543.45 billion, compared to LE 527.95 billion in Monday’s session.

The trading volume reached 394.97 million shares, traded through 33,860 transactions, with a turnover of LE 1.18 billion.

Egyptian investors were buyers at LE 167.91 million, while Arab and foreign investors were net sellers at LE 12.77 million, and LE 155.14 million, respectively.

Egyptian individuals were net sellers at Le 25.84 million, while Arab and foreign individuals were net buyers at LE 7.5 million, and LE 1.27 million, respectively.

Arab and foreign organizations sold at LE 20.27 million, and LE 156.42 million, respectively, while Egyptian organizations bought at LE 193.75 million.

Rowad Tourism (Al Rowad), Arab Moltaka Investments Co., and Egyptians for Investment & Urban Development were top gainers of the session at 9.99 percent, 9.92 percent and 9.70 percent, respectively.

Meanwhile, Medinet Nasr Housing, General Company for Land Reclamation, Development & Reconstruction, and B Investments Holding were top losers of the session by 7.57 percent, 6.25 percent, and 5.92 percent, respectively.

On Monday, EGX ended the session in green as: EGX 30 climbed 1.88 percent, EGX 50 jumped 1.80 percent, EGX 70 increased 1.63 percent, and EGX 100 rose 1.18 percent.



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