Foreign purchases keep EGX in green zone on Wednesday

CAIRO – 29 April 2020: The Egyptian Exchange (EGX) ended Wednesday’s session in green, adding LE 2.5 billion to market capitalization, amid foreign purchases.

The benchmark EGX 30 increased 1.25 percent, or 130.14 points, to close at 10,545.26 points.

The equally weighted index EGX 50 rose 0.61 percent, or 9.9 points, to end at 1,633.77 points.

The small and mid-cap index EGX 70 hiked 0.57 percent, or 6.82 points, to close at 1,209.19 points, and the broader index EGX 100 climbed 0.24 percent, or 2.67 points to 1,127.54 points.

Market capitalization gained LE 2.52 billion, recording LE 571.24 billion, compared to LE 568.72 billion in Tuesday’s session.

The trading volume reached 411.34 million shares, traded through 36,620 transactions, with a turnover of LE 1.11 billion.

Foreign investors were buyers at LE 33.15 million, while Egyptian and Arab investors were net sellers at LE 22.61 million, and LE 10.54 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 44.4 million, LE 7.26 million and LE 2.31 million, respectively.

Arab organizations sold at LE 3.27 million, while Egyptian and foreign organizations bought at LE 21.79 million, and LE 35.46 million, respectively.

Misr National Steel - Ataqa, Delta Construction & Rebuilding, and United Arab Shipping were top gainers of the session at 9.72 percent, 9.40 percent and 9.27 percent, respectively.

Meanwhile, GMC Group for Industrial Commercial & Financial Investments, Atlas for Investment and Food Industries, and Raya Contact Center were top losers of the session by 5.70 percent, 5.67 percent, and 5.20 percent, respectively.

On Tuesday, EGX ended the session in green, as: EGX 30 increased 0.38 percent, EGX 50 rose 2 percent, EGX 70 hiked 1.25 percent, and EGX 100 climbed 0.59 percent.

On 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.