EGX ends mid-week session in green, market cap. gains LE 8.24B

CAIRO – 2 April 2019: The Egyptian Exchange (EGX) ended Tuesday’s session in green, adding LE 8.24 billion to the market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 hiked 1.42 percent, or 212.32 points, to close at 15,166.46 points.

The equally weighted index EGX50 increased 0.73 percent, or 17.46 points, to reach 2,411.81 points.

The small and mid-cap index EGX70 rose 0.33 percent, or 2.24 points, to close at 686.71 points, and the broader index EGX100 inched up 0.44 percent, or 0.44 point, to 1,747.38 points.

Market capitalization gained LE 8.24 billion, recording LE 824.7 billion, compared to LE 821.46 billion in Monday’s session.

The trading volume reached 159.03 million shares, traded through 18,270 transactions, with a turnover of LE 837.02 million.

Foreign investors were net sellers at LE 83.79 million, while Egyptian and Arab investors were net buyers at LE 70.25 million and LE 13.54 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 85.45 million, LE 6.39 million and LE 2.38 million, respectively.

Egyptian and Arab organizations bought at LE 155.7 million, and LE 19.93 million, respectively, while foreign organizations sold at LE 81.41 million.

National company for maize products, Paint & Chemicals Industries (Pachin), and Mena Touristic & Real Estate Investment were top gainers of the session by 10 percent, 7.46 percent and 6.33 percent, respectively.

Meanwhile, Pyramisa Hotels, Mohandes Insurance, and Alexandria Cement were top losers of the session by 9 percent, 8.20 percent, and 5.81 percent, respectively.

EGX ended Monday’s session on mixed note, as EGX30 hiked 1.47 percent, EGX50 increased 0.04 percent, and EGX100 inched up 0.09 percent, while EGX70 inched down 0.06 percent.