EGX adds LE10.64B to market cap. amid trading in green zone

CAIRO – 23 August 2020: The Egyptian Exchange (EGX) started week in green for the second session in row, adding LE 10.64 billion to market capitalization, amid Egyptian and Arab purchases.

EGX was off on Thursday, August 20, on the occasion of Islamic New Year. Islamic Date is also called Hijri Date in Muslim world that follows Moon phases as lunar calendar.

The benchmark EGX30 rose 2.07 percent, or 231.03 points, to close at 11,391.08 points.

The equally weighted index EGX 50 hiked 2.06 percent, or 40.49 points, to end at 2,006.52 points.

The small and mid-cap index EGX 70 climbed 2.80 percent, or 47.48 points, to close at 1,740.36 points, and the broader index EGX 100 jumped 2.60 percent, or 66.83 points to 2,638.69 points. 

Market capitalization gained around LE 10.64 billion, recording LE 627.19 billion, compared to LE 616.55 billion in Wednesday’s session.

The trading volume reached 526.27 million shares, traded through 49,054 transactions, with a turnover of LE 1.42 billion. 

Foreign investors were net sellers at LE 27.58 million, while Egyptian and Arab investors were net buyers at LE 838,343 and LE 26.75 million, respectively. 

Egyptian individuals were net sellers at LE 51.99 million, while Arab and foreign individuals were net buyers at LE 13.98 million, and LE 292,105, respectively.

Foreign organizations sold at LE 27.88 million, while Egyptian and Arab bought at LE 52.83 million, and LE 12.76 million, respectively. 

Egyptian Arabian (cmar) Securities Brokerage EAC, Raya Contact Center, and Prime Holding were top gainers of the session at 9.97 percent, 9.95 percent and 9.93 percent, respectively. 

Meanwhile, Ismailia National Food Industries, Nozha International Hospital, and Arab Pharmaceuticals were top losers of the session by 5.05 percent, 4.68 percent, and 3.53 percent, respectively. 

EGX ended Wednesday in green as: EGX30 rose 0.75 percent, EGX50 increased 1.16 percent, EGX 70 climbed 2.08 percent, and EGX 100 inched up 1.66 percent.