EGX ends week in green, market cap. gains LE 1.35B

CAIRO – 4 April 2019: The Egyptian Exchange (EGX) ended the week in green, adding LE 1.35 million to the market capitalization, amid Arab and foreign selling.

The benchmark EGX30 hiked 0.33 percent, or 49.97 points, to close at 15,247.81 points.

The equally weighted index EGX50 increased 0.13 percent, or 3.18 points, to reach 2,416.12 points.

The small and mid-cap index EGX70 rose 0.17 percent, or 1.14 points, to close at 678.95 points, and the broader index EGX100 climbed 0.20 percent, or 3.51 point, to 1,730.54 points.

Market capitalization gained LE 1.35 billion, recording LE 830.25 billion, compared to LE 828.89 billion in Wednesday’s session.

The trading volume reached 149.44 million shares, traded through 19,617 transactions, with a turnover of LE 1.09 billion.

Egyptian investors were net sellers at LE 60.29 million, while Arab and foreign investors were net buyers at LE 16.49 million and LE 43.79 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 238.58 million, LE 19.63 million, and LE 679,967, respectively.

Egyptian and Arab organizations sold at LE 298.88 million, and LE 3.13 million, respectively, while foreign organizations bought at LE 43.11 million.

Arab Polvara Spinning & Weaving CO., Heliopolis Housing, and AJWA for Food Industries company Egypt, were top gainers of the session by 7.20 percent, 5.18 percent and 5.16 percent, respectively.

Meanwhile, Asek Company for Mining – Ascom, Ezz Steel, and Natural Gas & Mining Project (Egypt Gas) were top losers of the session by 3.59 percent, 3.29 percent, and 3.23 percent, respectively.

EGX ended Wednesday’s session on mixed note, as EGX30 hiked 0.21 percent, EGX50 increased 0.05 percent, while EGX70 inched down 1.42 percent, and EGX100 dropped 1.16 percent.