EGX flags in green Sunday, market cap. gains LE 5.3B

CAIRO – 9 August 2020: The Egyptian Exchange (EGX) started week in green continuing its uptrend for the fourth session in row, adding LE 5.3 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 rose 1.34 percent, or 145.23 points, to close at 10,962.52 points.

The equally weighted index EGX 50 increased 1.23 percent, or 23.25 points, to end at 1,908.44 points. 

The small and mid-cap index EGX 70 hiked 1.01 percent, or 15.99 points, to close at 1,604.04 points, and the broader index EGX 100 jumped 1.15 percent, or 27.97 points to 2,464.75 points. 

Market capitalization gained LE 5.3 billion, recording LE 602.36 billion, compared to LE 597.04 billion in Thursday’s session.

The trading volume reached 458.99 million shares, traded through 42,425 transactions, with a turnover of LE 1.18 billion. 

Egyptian investors were net buyers at LE 62.68 million, while Arab and foreign investors were net sellers at LE 2.11 million, and LE 60.56 million, respectively. 

Egyptian, and foreign individuals were net sellers at LE 26.96 million and LE 703,186, respectively, while Arab individuals were net buyers at LE 1.94 million. 

Egyptian organizations bought at LE 89.65 million, while Arab and foreign sold at LE 4.05 million, and LE 59.86 million, respectively. 

General Company for Land Reclamation, Development & Reconstruction, Arab Valves Company, and Raya Holding for Financial Investments were top gainers of the session at 9.50 percent, 9 percent and 8.97 percent, respectively. 

Meanwhile, Osool ESB Securities Brokerage, Gulf Canadian Real Estate Investment Co., and El-Nile Co. for Pharmaceuticals and Chemical Industries were top losers of the session by 10 percent, 4.32 percent, and 3.49 percent, respectively. 

EGX ended Thursday in green as: EGX30 rose 1.06 percent, EGX 50 increased 0.83 percent, EGX 70 hiked 0.57 percent, and EGX 100 jumped 0.63 percent.