Egypt's bourse continues its uptrend for 2nd session in row

CAIRO – 11  February 2021: The Egyptian Exchange (EGX) continues trading in the green zone for the second session in row during Thursday, adding LE 1.55 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 inched up 0.01 percent, or 1.29 points, to end at 11,546.32 points.

The equally weighted index EGX 50 rose 0.77 percent, or 18.49 points, to end at 2,434.6 points.

The small and mid-cap index EGX 70 jumped 0.73 percent, or 17.84 points, to close at 2,452.77points, and the broader index EGX 100 climbed 0.56 percent, or 19.4 points, to close at 3,488.18 points

Market capitalization gained around LE 1.55 million, recording LE 707.88 billion, compared to LE 706.33 billion in Wednesday’s session.

The trading volume reached 1.25 million shares, traded through 52,536 transactions, with a turnover of LE 4.07 billion. 

Egyptian investors were net buyers at LE 97.68 million, while Arab and foreign investors were net buyers at LE 50.85 million, and LE 46.84 million, respectively.

Arab and foreign individuals were net sellers at LE 81.32 million, and LE 8.57, respectively, while Egyptian individuals were net buyers at LE 59.5 million.

Egyptian and Arab organizations bought at LE 38.18 million, and LE 30.48 million, respectively, while foreign organizations sold at LE 38.27 million.

Cairo Pourtly, El Orouba Securities Brokerage, and El Kahera El Watania Investment, were top gainers of the session at 11.18 percent, 10 percent and 9.92 percent, respectively. 

Meanwhile, Faisal Islamic Bank of Egypt - In US Dollars, Upper Egypt Flour Mills, and Raya Contact Center were top losers of the session by 6.23 percent, 5.96 percent, and 5.77 percent, respectively.

On Wednesday, EGX ended the session in green, EGX30 rose 0.85 percent, EGX 50 hiked 1.39 percent, EGX 70 jumped 1.84 percent, and EGX 100 climbed 1.51 percent.