EGX ends Wednesday on mixed note, market cap. gains LE 1.28B

CAIRO – 8 July 2020: The Egyptian Exchange (EGX) Wednesday on mixed note, adding LE 1.28 billion to market capitalization, amid Egyptian purchases. 

The benchmark EGX30 rose 0.70 percent, or 77.65 points, to close at 11,127.85 points. 

The equally weighted index EGX 50 increased 0.28 percent, or 5.2 points, to end at 1,850.15 points, and the broader index EGX 100 jumped 0.12 percent, or 2.75 points to 2,378.54 points. 

On the other hand, the small and mid-cap index EGX 70 dipped 0.13 percent, or 1.93 points, to close at 1,542.05 points.

Market capitalization gained LE 1.28 billion, recording LE 608.46 billion, compared to LE 607.18 billion in Tuesday’s session. 

The trading volume reached 595.36 million shares, traded through 52,668 transactions, with a turnover of LE 1.63 billion. 

Egyptian investors were net buyers at LE 30.73 million, while Arab and foreign investors were net sellers at LE 26.2 million, and LE 4.53 million, respectively. 

Egyptian, Arab and foreign individuals were net sellers at LE 121.17 million, LE 29.35 million, and LE 2.6 million, respectively.

Foreign organizations sold at LE 1.9 million, while Egyptian and Arab organizations bought at LE 151.9 million, and LE 3.14 million, respectively. 

El Obour Real Estate Investment, Saudi Egyptian Investment & Finance, and Prime Holding were top gainers of the session at 9.48 percent, 9.36 percent and 9.24 percent, respectively. 

Meanwhile, Osool ESB Securities Brokerage, Golden Coast Company, and Cairo Pourtly were top losers of the session by 8.26 percent, 7.89 percent, and 7.37 percent, respectively. 

EGX ended Tuesday, in a semi-collective rise as: EGX30 dipped 0.34 percent, EGX 50 increased 0.30 percent, EGX 70 climbed 0.39 percent, and EGX 100 rose 0.28 percent.

CBE and EGX were 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.