EGX adds LLE 3.2B to market cap, in last session before holiday
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EGX and the Central Bank of Egypt announced having a three-day holiday in celebration of Eid al-Fitr “Festival of Breaking Muslims’ Fast”.
Eid al-Fitr holiday will start on Tuesday June 4, 2019, till Thursday June 6, 2019, according to both entities. “Trading will be resumed effective on Sunday June 9, 2019.”
The benchmark EGX 30 rose 0.71 percent, or 97.08 points, to close at 13,787.8 points.
The equally weighted index EGX 50 increased 0.74 percent, or 15.1 points, to reach 2,062.66 points, and the broader index EGX 100 hiked 0.11 percent, or 1.67 point, to 1,521.41 points.
On the other hand, the small and mid-cap index EGX 70 inched down 0.01 percent, or 0.06 points, to close at 597.35 points.
Market capitalization gained LE 3.2 billion, recording LE 745.12 billion, compared to LE 741.92 billion in Thursday’s session.
The trading volume reached 60.33 million shares, traded through 10,864 transactions, with a turnover of LE 302.55 million.
Egyptian investors were net buyers at LE 18.67 million, while Arab and foreign investors were net sellers at LE 4.61 million, and LE 14.06 million, respectively.
Foreign individuals were net sellers at 760,130, while Egyptian and Arab individuals were net buyers at LE 859,257, and LE 620,682 respectively.
Arab and foreign organizations sold at LE 5.23 million, and LE 13.3 million, respectively, while Egyptian organizations bought at LE 17.81 million.
Modern Company for water proofing (Bitumode), Delta Insurance, and El Ahli Investment and Development were top gainers of the session by 5.53 percent, 4.79 percent and 4.71 percent, respectively.
Meanwhile, Sinai Cement, Engineering Industries (ICON), and Abou Kir Fertilizers were top losers of the session by 7.39 percent, 3.83 percent, and 3.66 percent, respectively.
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