EGX ends Wednesday in green, market cap. gains LE 3.7B

CAIRO – 14 October 2020: The Egyptian Exchange (EGX) ended Wednesday session in green, adding LE 3.7 billion to market capitalization, amid Arab purchases.

The benchmark EGX30 rose 0.37 percent, or 42.10 points, to close at 11,333.91 points.

The equally weighted index EGX 50 increased 1.15 percent, or 24.37 points, to end at 2,148.21 points.

Moreover, the small and mid-cap index EGX 70 hiked 1.13 percent, or 22.31 points, to close at 1,994.97 points, and the broader index EGX 100 climbed 1.09 percent, or 31.56 points to 2,931.25 points. 

Market capitalization gained around LE 3.7 billion, recording LE 631.66 billion, compared to LE 627.9 billion in Tuesday’s session.

The trading volume reached 348.09 million shares, traded through 41,437 transactions, with a turnover of LE 1.31 billion. 

Arab investors were net buyers at LE 55.19 million, while Egyptian and foreign investors were net sellers at LE 52.19 million, and LE 2.88 million, respectively. 

Egyptian, and foreign individuals were net sellers at LE 27.35 million, and LE 3.06 million, respectively, while Arab individuals were net buyers at LE 57.67 million.

Egyptian, and Arab organizations sold at LE 24.84 million, and LE 2.59 million, respectively, while foreign organizations bought at LE 168,440.

Saudi Egyptian Investment & Finance, Suez Canal Bank S.A.E, and GB AUTO were top gainers of the session at 8.86 percent, 8.24 percent and 7.97 percent, respectively. 

Meanwhile, B Investments Holding, Mohandes Insurance, and United Arab Shipping were top losers of the session by 6.77 percent, 6.72 percent, and 5.59 percent, respectively.

On Tuesday, EGX ended the session in red, as : EGX30 dipped 0.39 percent, EGX50 decreased 1.61 percent, EGX70 dropped 1.69 percent, and EGX100 dipped 1.63 percent.