EGX continues mixed performance during Monday

CAIRO – 29 June 2020: The Egyptian Exchange (EGX) ended Monday’s session in a semi-collective rise, losing LE 833.2 million of market capitalization, amid foreign selling.

The benchmark EGX30 dipped 0.91 percent, or 98.55 points, to close at 10,750.1 points.

On the other hand, the equally weighted index EGX 50 increased 0.36 percent, or 6.08 points, to end at 1,705.31 points.

The small and mid-cap index EGX 70 climbed 1.52 percent, or 21.32 points, to close at 1,420.71 points, and the broader index EGX 100 rose 0.94 percent, or 20.45 points to 2,204.7 points.

Market capitalization lost LE 833.22 million, recording LE 585.51 billion, compared to LE 586.34 billion in Sunday’s session.

The trading volume reached 293.93 million shares, traded through 36,469 transactions, with a turnover of LE 1.1 billion.

Foreign investors were net sellers at LE 83.57 million, while Egyptian and Arab investors were net buyers at LE 79.08 million, and LE 4.49 million, respectively.

Foreign individuals were net sellers at LE 3.74 million, while Egyptian and Arab individuals were net buyers at LE 48.62 million and LE 5.54 million, respectively.

Egyptian organizations bought at LE 30.45 million, while Arab and foreign organizations sold at LE 1.05 million, and LE 79.84 million, respectively.

Egyptian Iron & Steel, Zahraa Maadi Investment & Development, and Egypt for Poultry were top gainers of the session at 17.12 percent, 10 percent and 9.99 percent, respectively.

Meanwhile, Pyramisa Hotels, Rowad Tourism (Al Rowad), and Golden Coast Company were top losers of the session by 9.69 percent, 5.51 percent, and 4.24 percent, respectively.

EGX ended Sunday in a semi-collective rise as: EGX30 dipped 0.38 percent, while EGX 50 increased 0.62 percent, EGX 70 climbed 1.06 percent, and EGX 100 rose 0.86 percent.

Meanwhile, EGX and the Central Bank of Egypt changed its official holiday on June 30, Tuesday, to be on Thursday, July 2, in response to Prime Minister Mostafa Madbouli’s decree to shift any day off during mid-week to be on Thursday.

Madbouli announced Sunday that any occasion that happens to take place in the middle of the week will be shifted to Thursday to enable citizens to have a longer weekend. The decision also applies to all municipal and public business sector employees.

Upon this decision, CBE and EGX will be off on Wednesday and Thursday, July 1 and 2, on the occasion of the seventh anniversary of the June 30 Revolution and the end of fiscal year 2019/2020.