EGX ends Wednesday in green, market cap. gains LE 3B

BY

Wed, 03 Jun 2020 - 03:37 GMT

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

CAIRO – 3 June 2020: The Egyptian Exchange (EGX) ended Wednesday’s session in green, adding LE 3.04 billion to market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 rose 0.83 percent, or 85.39 points, to close at 10,424.1 points.

The equally weighted index EGX 50 jumped 1.10 percent, or 17.07 points, to end at 1,564.48 points.

Meanwhile, the small and mid-cap index EGX 70 increased 0.51 percent, or 6.04 points, to close at 1,198.54 points, and the broader index EGX 100 climbed 0.62 percent, or 11.88 points to 1,930.31 points.

Market capitalization gained LE 3.04 billion, recording LE 558.62 billion, compared to LE 555.57 billion in Tuesday’s session.

The trading volume reached 378.28 million shares, traded through 35,362 transactions, with a turnover of LE 1.15 billion.

Foreign investors were net sellers at LE 246.72 million, while Egyptian and Arab investors were net buyers at LE 232.86 million, and LE 13.86 million, respectively.

Arab individuals were net buyers at LE 7.4 million, while Egyptian and foreign individuals were net sellers at LE 45.1 million, and LE 3.02 million, respectively.

Foreign organizations sold at LE 243.69 million, while Egyptian and Arab organizations bought at LE 277.96 million, and LE 6.46 million, respectively.

Kafr El Zayat Pesticides, Al Tawfeek Leasing Company-A.T.LEASE, and Ismailia Development and Real Estate Co were top gainers of the session at 9.99 percent, 9.63 percent and 8.85 percent, respectively.

Meanwhile, National Real Estate Bank for Development, Misr Hotels, and General Silos & Storage were top losers of the session by 6.10 percent, 5.66 percent, and 5.14 percent, respectively.

EGX and the Central Bank of Egypt announced Eid Al-Fitr holiday to be five days from Sunday, May 24, till Thursday, May 28.

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