EGX continues trading in green zone for 3rd session in row

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Mon, 24 Aug 2020 - 02:56 GMT

BY

Mon, 24 Aug 2020 - 02:56 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 24 August 2020: The Egyptian Exchange (EGX) continues trading in green for the third session in row, adding LE 1.89 billion to market capitalization, amid Arab purchases.

 

The benchmark EGX30 rose 2.45 percent, or 273.71 points, to close at 11,433.76 points.

 

The equally weighted index EGX 50 hiked 2.73 percent, or 53.66 points, to end at 2,019.69 points.

 

The small and mid-cap index EGX 70 climbed 3.61 percent, or 61.09 points, to close at 1,753.97 points, and the broader index EGX 100 jumped 3.32 percent, or 85.35 points to 2,657.21 points. 

 

Market capitalization gained around LE 1.89 billion, recording LE 629.08 billion, compared to LE 627.19 billion in Sunday’s session.

 

The trading volume reached 682.69 million shares, traded through 53,685 transactions, with a turnover of LE 1.91billion. 

 

Arab investors were net buyers at LE 32.74 million, while Egyptian and foreign investors were net sellers at LE 22.84 million, and LE 9.9 million, respectively. 

 

Arab individuals were net buyers at LE 20.15 million, while Egyptian and foreign individuals were net sellers at LE 53.57 million, and LE 6.72 million, respectively.

 

Foreign organizations sold at LE 3.18 million, while Egyptian and Arab bought at LE 30.73 million, and LE 12.59million, respectively. 

 

Gulf Canadian Real Estate Investment Co., Egyptian Arabian (cmar) Securities Brokerage EAC, and the Egyptian Company for Construction Development-Lift Slab were top gainers of the session at 8.64 percent, 8.53 percent and 8.23 percent, respectively. 

 

Meanwhile, El Nasr for Manufacturing Agricultural Crops, Qatar National Bank Alahly, and Ismailia National Food Industries were top losers of the session by 5.93 percent, 4.73 percent, and 3.98 percent, respectively. 

 

EGX ended Sunday in green as: EGX30 rose 2.07 percent, EGX50 increased 2.06 percent, EGX 70 climbed 2.80percent, and EGX 100 inched up 2.60 percent.

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