EGX ends week in green, market cap. gains LE 2.13B

CAIRO – 1 October 2020: The Egyptian Exchange (EGX) ended Thursday in green, adding LE 2.13 billion to market capitalization, amid Egyptian buying.

The benchmark EGX30 rose 0.56 percent, or 62.03 points, to close at 11,051.30 points.

The equally weighted index EGX 50 increased 1.53 percent, or 31.45 points, to end at 2,090.98 points.

Moreover, the small and mid-cap index EGX 70 hiked 0.97 percent, or 19.39 points, to close at 2,022.76 points, and the broader index EGX 100 climbed 1.10 percent, or 31.90points to 2,928.05 points. 

Market capitalization gained around LE 2.13 billion, recording LE 620.85 billion, compared to LE 618.72 billion in Wednesday’s session.

The trading volume reached 370.86 million shares, traded through 44,061 transactions, with a turnover of LE 3.51 billion. 

Egyptian investors were net buyers at LE 464.34 million, while Arab and foreign investors were net sellers at LE 358.03 million, and LE 106.31 million, respectively. 

Egyptian, Arab and foreign individuals were net sellers at LE 1.75 billion, LE 367.75 millionand LE 51.42 million, respectively.

Egyptian, and Arab organizations bought at LE 2.22 million, and LE 9.7 million, respectively, while foreign organizations sold at LE 54.89 million.

El Arabia Engineering Industries, Ismailia National Food Industries, and Prime Holding were top gainers of the session at 12.69 percent, 10.62 percent and 10 percent, respectively. 

Meanwhile, the Egyptian Company for Construction Development-Lift Slab, Gulf Canadian Real Estate Investment Co., and General Silos & Storage were top losers of the session by 9.44 percent, 9.42 percent, and 7.30 percent, respectively.