EGX flags in green Wednesday, market cap. gains LE 3.77B

BY

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Wed, 05 Aug 2020 - 03:15 GMT

BY

Wed, 05 Aug 2020 - 03:15 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO – 5 August 2020: The Egyptian Exchange (EGX) ended Wednesday in green for the second consecutive session after Eid Al-Adha vacation, adding LE 3.77 billion to market capitalization, amid Egyptian and Arab purchases.

 

The benchmark EGX30 rose 0.79 percent, or 84.23 points, to close at 10,704.33 points.

 

The equally weighted index EGX 50 increased 1.19 percent, or 21.95 points, to end at 1,869.7 points. 

    

The small and mid-cap index EGX 70 hiked 0.88 percent, or 13.72 points, to close at 1,579.11 points, and the broader index EGX 100 jumped 0.96 percent, or 23.02 points to 2,421.56 points. 

 

 

Market capitalization gained LE 3.77 billion, recording LE 593.52 billion, compared to LE 589.75 billion in Tuesday's session.

 

The trading volume reached 498.73 million shares, traded through 42,660 transactions, with a turnover of LE 1.25 billion. 

 

Foreign investors were net sellers at LE 97.47 million, while Egyptian and Arab investors were net buyers at LE 88.47 million, and LE 9 million, respectively. 

 

Egyptian, Arab individuals were net sellers at LE 84.59 million and LE 4.46 million, respectively, while foreign individuals were net buyers at LE 3.74 million. 

 

Foreign organizations sold at LE 101.21 million, while Egyptian and Arab bought at LE 173.06 million, and LE 13.46 million, respectively. 

 

Nasr Company for Civil Works, Gharbia Islamic Housing Development, and Delta Insurance were top gainers of the session at 9.99 percent, 9.94 percent and 9.90 percent, respectively. 

 

Meanwhile, Upper Egypt Flour Mills, El Ezz Porcelain (Gemma), and Sinai Cement were top losers of the session by 7.24 percent, 4.03 percent, and 3.56 percent, respectively. 

 

EGX ended Tuesday in green as: EGX30 rose 0.19 percent, EGX 50 increased 2.02 percent, EGX 70 hiked 1.39 percent, and EGX 100 jumped 1.96 percent.

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