EGX continues trading in green zone, market cap. gains LE3.5B

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Thu, 06 Aug 2020 - 02:33 GMT

BY

Thu, 06 Aug 2020 - 02:33 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 – 6 August 2020: The Egyptian Exchange (EGX) continued its uptrend during Thursday’s session, adding LE 3.5 billion to market capitalization, amid Egyptian and Arab purchases.

 

The benchmark EGX30 rose 1.06 percent, or 112.96 points, to close at 10,817.29 points.

 

The equally weighted index EGX 50 increased 0.83 percent, or 15.49 points, to end at 1,885.19 points. 

    

The small and mid-cap index EGX 70 hiked 0.57 percent, or 8.94 points, to close at 1,588.05 points, and the broader index EGX 100 jumped 0.63 percent, or 15.22 points to 2,436.78 points. 

 

 

Market capitalization gained LE 3.5 billion, recording LE 597.04 billion, compared to LE 593.52 billion in Wednesday’s session.

 

The trading volume reached 458.43 million shares, traded through 40,649 transactions, with a turnover of LE 1.23 billion. 

 

Foreign investors were net sellers at LE 87.45 million, while Egyptian and Arab investors were net buyers at LE 53.9 million, and LE 33.55 million, respectively. 

 

Egyptian, and Arab individuals were net buyers at LE 1.46 million and LE 19.3 million, respectively, while foreign individuals were net sellers at LE 1.4 million. 

 

Foreign organizations sold at LE 86.02 million, while Egyptian and Arab bought at LE 52.44 million, and LE 14.24 million, respectively. 

 

Nasr Company for Civil Works, Delta Construction & Rebuilding, and National Real Estate Bank for Development were top gainers of the session at 10 percent, 9.30 percent and 8.55 percent, respectively. 

 

Meanwhile, Middle & West Delta Flour Mills, General Company for Land Reclamation,Development & Reconstruction, and Raya Contact Center were top losers of the session by 5.18 percent, 5.10percent, and 4.01 percent, respectively. 

 

EGX ended Wednesday in green as: EGX30 rose 0.79 percent, EGX 50 increased 1.19 percent, EGX 70 hiked 0.88 percent, and EGX 100 jumped 0.96 percent.

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