EGX ends Thursday green, market cap. gains LE 11.24B

CAIRO – 23 April 2020: The Egyptian Exchange (EGX) ended Thursday in green, adding LE 11.24 billion to market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX 30 jumped 3.26 percent, or 319.13 points, to close at 10,120.46 points.

The equally weighted index EGX 50 rose 3.59 percent, or 53.41 points, to end at 1,539.51 points.

The small and mid-cap index EGX 70 increased 3.47 percent, or 38.43 points, to close at 1,146.06 points, and the broader index EGX 100 climbed 2.06 percent, or 22.4097 points to 1,095.11 points.

Market capitalization gained LE 11.24 billion, recording LE 555.39 billion, compared to LE 544.15 billion in Wednesday’s session.

The trading volume reached 400.19 million shares, traded through 37,467 transactions, with a turnover of LE 1.09 billion.

Foreign investors were sellers at LE 112.14 million, while Egyptian and Arab investors were net buyers at LE 74.16 million, and LE 37.97 million, respectively.

Arab and foreign individuals were net sellers at LE 2.68 million, and LE 3.91 million, respectively, while Egyptian individuals were net buyers at LE 26.7 million.

Foreign organizations sold at LE 108.22 million, while Egyptian and Arab organizations bought at LE 47.44 million, and LE 40.66 million, respectively.

Dice Sport & Casual Wear, Universal for Paper and Packaging Materials (Unipack), and Belton Financial Holding were top gainers of the session at 11.85 percent, 10.05 percent and 9.98 percent, respectively.

Meanwhile, Al Baraka Bank Egypt, Grand Investment Capital, and Egyptian International Pharmaceuticals (EIPICO) were top losers of the session by 7.66 percent, 6.53 percent, and 6.37 percent, respectively.

On Wednesday, EGX ended the session on a semi- collective rise, as: EGX 30 dipped 0.75 percent, while EGX 50 rose 0.87 percent, EGX 70 increased 1.13 percent, and EGX 100 inched up 0.04 percent.

EGX was off on during the first two days of the week on the occasion of Easter and Sham El-Nessiem Holidays.

Earlier Thursday, the Egyptian Exchange (EGX) decided the time of trading session during the Holy month of Ramadan.

EGX announces trading hours during the Holy month of Ramadan

CAIRO - 23 April 2020: The Egyptian Exchange (EGX) decided the time of trading session during the Holy month of Ramadan. EGX added on its website that trading session of main market listed securities and SMEs market (NILEX); will be from 10:00 am to 1:30 pm, preceded by a discovery session at 9:30 am.