EGX ends week in green, market cap. gains LE 9.51B

CAIRO – 4 June 2020: The Egyptian Exchange (EGX) ended Thursday’s session in green, adding LE 9.51 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 rose 1.89 percent, or 197.04 points, to close at 10,621.14 points.

The equally weighted index EGX 50 jumped 1.68 percent, or 26.33 points, to end at 1,590.81 points.

Moreover, the small and mid-cap index EGX 70 increased 1.90 percent, or 22.75 points, to close at 1,221.29 points, and the broader index EGX 100 climbed 1.74 percent, or 33.67 points to 1,963.98 points.

Market capitalization gained LE 9.51 billion, recording LE 568.13 billion, compared to LE 558.62 billion in Wednesday’s session.

The trading volume reached 378.65 million shares, traded through 42,748 transactions, with a turnover of LE 1.43 billion.

Egyptian investors were net buyers at LE 175.05 million, while Arab and foreign investors were net sellers at LE 70.79 million, and LE 104.26 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 11.67 million, LE 64.89 million, and LE 9.55 million, respectively.

Egyptian organizations bought at LE 186.72 million, while Arab and foreign organizations sold at LE 5.89 million, and LE 94.71 million, respectively.

Mohandes Insurance, Arab Real Estate Investment CO.-ALICO, and Emerald Real Estate Investment were top gainers of the session at 9.12 percent, 8.41 percent and 8.09 percent, respectively.

Meanwhile, Egyptian Arabian (cmar) Securities Brokerage EAC, Raya Holding for Financial Investments, and Juhayna Food Industries were top losers of the session by 8.55 percent, 5.61 percent, and 4.02 percent, respectively.

EGX ended Wednesday in green, as: EGX30 rose 0.83 percent, EGX 50 jumped 1.10 percent, EGX 70 increased 0.51 percent, and EGX 100 climbed 0.62 percent.

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