EGX ends week on mixed note, market cap. gains LE 4.1B

CAIRO – 9 April 2020: The Egyptian Exchange (EGX) ended Thursday’s session on a mixed note, adding LE 4.07 to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 surged 2.24 percent, or 226.4 points, to close at 10,321.97 points.

The equally weighted index EGX 50 inched up 0.01 percent, or 0.1 points, to end at 1,420.59 points.

On the other hand, the small and mid-cap index EGX 70 dipped 0.63 percent, or 6.6 points, to close at 1,041.22 points, and the broader index EGX 100 declined 0.37 percent, or 3.97 points to 1,062.6 points.

Market capitalization gained LE 4.07 billion, recording LE 553.2 billion, compared to LE 549.13 billion in Wednesday’s session.

The trading volume reached 265.15 million shares, traded through 26,477 transactions, with a turnover of LE 905.34 million.

Egyptian investors were buyers at LE 153.48 million, while Arab and foreign investors were net sellers at LE 17.93 million, and LE 135.55 million, respectively.

Egyptian individuals were net buyers at LE 17.17 million, while Arab and foreign individuals were net sellers at LE 3.1 million, and LE 5.9 million, respectively.

Arab and foreign organizations sold at LE 14.82 million, and LE 129.65 million, respectively, while Egyptian organizations bought at LE 129.65 million.

Modern Shorouk Printing & Packaging, Egyptians For Investment & Urban Development, and General Company For Land Reclamation,Development & Reconstruction were top gainers of the session at 9.94 percent, 9.38 percent and 9.25 percent, respectively.

Meanwhile, Alexandria National Company for Financial Investment, Sabaa International Company for Pharmaceutical and Chemical, and Arab Moltaka Investments Co were top losers of the session by 10 percent, 7.80 percent, and 6.22 percent, respectively.

On Wednesday, EGX flagged in green for the third session in row as: EGX 30 surged 2.59 percent, EGX 50 jumped 1.76 percent, EGX 70 climbed 1.26 percent, and EGX 100 rose 1.15 percent.