EGX starts week in green, market cap. gains LE 3.44B

CAIRO – 7 February 2021: The Egyptian Exchange (EGX) stared week in green, adding LE 3.44 billion to market capitalization, amid Egyptian ana Arab purchases.

The benchmark EGX30 inched up 0.03 percent, or 3.93 points, to end at 11,602.78 points.

The equally weighted index EGX 50 rose 0.69 percent, or 16.57 points, to end at 2,416.54 points.

The small and mid-cap index EGX 70 hiked 1.18 percent, or 28.55 points, to close at 2,443.47 points, and the broader index EGX 100 increased 1.04 percent, or 35.66 points, to close at 3,475.85 points

Market capitalization gained around LE 3.44 million, recording LE 709.76 billion, compared to LE 706.32 billion in Thursday’s session.

The trading volume reached 880.57 million shares, traded through 58,925 transactions, with a turnover of LE 1.75 billion. 

Foreign investors were net sellers at LE 29.52 million, while Egyptian and Arab investors were net buyers at LE 29.12 million, and LE 396,049, respectively.

Egyptian and foreign individuals were net buyers at LE 159.49 million, and LE 9.79, respectively, while Arab individuals were net sellers at LE 10.27 million.

Egyptian and foreign organizations sold at LE 130.37 million, and LE 39.3 million, respectively, while Arab organizations bought at LE 10.67 million.

Egypt for Pourtly, Glaxo Smith Kline, and El Ahram Co. for Printing and Packing were top gainers of the session at 15.33 percent, 13.76 percent and 10 percent, respectively. 

Meanwhile, Juhayna Food Industries, El Arabia for Land Reclamation, and General Company For Land Reclamation, Development & Reconstruction were top losers of the session by 10.55 percent, 3.95 percent, and 3.07 percent, respectively.

On Wednesday, EGX ended the session on mixed note, EGX30 declined 0.16 percent, EGX 50 dipped 0.39 percent, and EGX 100 decreased 0.03 percent, while EGX 70 rose 0.10 percent.