EGX enters green zone during Thursday, market cap. gains LE 7.35B

CAIRO – 25 February 2021: The Egyptian Exchange (EGX) ended Thursday’s session in green, adding LE 7.35 billion to market capitalization, amid Egyptian buying.

The benchmark EGX30 hiked 1.60 percent, or 182.48 points, to end at 11,617.91 points.

The equally weighted index EGX 50 jumped 0.97 percent, or 22.8 points, to end at 2,379.17 points.

The small and mid-cap index EGX 70 climbed 0.93 percent, or 22.04 points, to close at 2,384.46 points, and the broader index EGX 100 increased 1.14 percent, or 38.44 points, to close at 3,424.52 points.

Market capitalization gained around LE 7.35 billion, recording LE 709.3 billion, compared to LE 701.95 billion in Wednesday’s session.

The trading volume reached 798.51 million shares, traded through 53,672 transactions, with a turnover of LE 1.83 billion. 

Egyptian investors were net buyers at LE 56.95 million, while Arab and foreign investors were net sellers at LE 24.06 million, and LE 32.89 million, respectively.

Egyptian and foreign individuals were net buyers at LE 48.29 million, and LE 3.79 million, respectively, while Arab individuals were net sellers at LE 22.27 million.

Arab and foreign organizations sold at LE 1.78 million, and LE 36.69 million, respectively, while Egyptian organization bought at LE 8.66 million.

The Arab Dairy Products Co. Arab Dairy - Panda, Gulf Canadian Real Estate Investment Co., and Glaxo Smith Kline were top gainers of the session at 9.99 percent, 9.98 percent and 9.63 percent, respectively. 

Meanwhile, Dice Sport & Casual Wear, Rubex International for Plastic and Acrylic Manufacturing, and National Bank of Kuwait- Egypt- NBK were top losers of the session by 8.62 percent, 7.33 percent, and 6.77 percent, respectively.

On Wednesday, EGX ended the session on mixed note, EGX30 increased 0.16 percent, while EGX 50 dropped 0.45 percent, EGX 70 declined 0.33 percent, and EGX 100 lessened 0.15 percent.