Arab, foreign purchases push EGX into green zone Tuesday

CAIRO – 16  February 2021: The Egyptian Exchange (EGX) ended Tuesday’s session in collective rise, adding LE 1.17 billion to market capitalization, amid Arab and foreign purchases.

The benchmark EGX30 inched up 0.06 percent, or 7.28 points, to end at 11,534.05 points.

The equally weighted index EGX 50 rose 0.60 percent, or 14.33 points, to end at 2,412.69 points.

The small and mid-cap index EGX 70 increased 0.65 percent, or 15.49 points, to close at 2,416.69 points, and the broader index EGX 100 climbed 0.63 percent, or 21.57 points, to close at 3,453.56points

Market capitalization gained around LE 1.17 million, recording LE 706.62 billion, compared to LE 705.45 billion in Monday’s session.

The trading volume reached 466.23 million shares, traded through 47,152 transactions, with a turnover of LE 1.57 billion. 

Egyptian investors were net sellers at LE 42.04 million, while Arab and foreign investors were net buyers at LE 16.42 million, and LE 25.62 million, respectively.

Arab and foreign individuals were net buyers at LE 22.2 million, and LE 1.33 million, respectively, while Egyptian individuals LE 14.85 million.

Egyptian, and Arab organizations sold at LE 27.19 million, and LE 5.76 million, respectively, while foreign organization bought at LE 24.29 million.

El Kahera Housing, B Investments Holding, and Golden Textiles & Clothes Wool were top gainers of the session at 9.99 percent, 9.95 percent and 9.72 percent, respectively. 

Meanwhile, Nozha International Hospital, Glaxo Smith Kline, and The Arab Ceramic CO.- Ceramica Remas were top losers of the session by 6.28 percent, 6.16 percent, and 5.63 percent, respectively.

On Monday, EGX ended the session on mixed note, EGX30 hiked 0.17 percent, while EGX 50 dipped 0.79 percent, EGX 70 decreased 1.57 percent, and EGX 100 lessened 1.07 percent.