EGX enters green zone Monday, market cap. gains LE9.5B

CAIRO – 21 May 2019: The Egyptian Exchange (EGX) ended mid-week session in the green zone, adding LE 9.5 billion to market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 rose 1.75 percent, or 234.75 points, to close at 13,614.21 points.

The equally weighted index EGX50 increased 2.08 percent, or 41.4 points, to reach 2,032.49 points.

The small and mid-cap index EGX70 climbed 0.46 percent, or 2.76 points, to close at 602.18 points, and the broader index EGX100 hiked 0.69 percent, or 10.43 point, to 1,529.34 points.

Market capitalization gained LE 9.5 billion, recording LE 743.34 billion, compared to LE 733.79 billion in Monday’s session.

The trading volume reached 100.09 million shares, traded through 17,239 transactions, with a turnover of LE 543.74 million.

Foreign investors were net sellers at LE 34.6 million, while Egyptian and Arab investors were net buyers at LE 17.61 million, and LE 16.99 million, respectively.

Egyptian individuals were net sellers at LE 16.55 million, while Arab and foreign individuals were net buyers at LE 15.86 million, and LE 9.19 million, respectively.

Egyptian and Arab organizations bought at LE 34.16 million, and LE 1.13 million, respectively, while foreign organizations sold at LE 43.8 million.

Asek Company for Mining – Ascom, Mansourah Poultry, and Ceramic & Porcelain were top gainers of the session by 8.71 percent, 7.57 percent and 7.26 percent, respectively.

Meanwhile, Raya Holding for Financial Investments, Nasr Company for Civil Works, and Torah Cement were top losers of the session by 9.94 percent, 5.89 percent, and 4.44 percent, respectively.

On Monday, EGX ended trading in red, as EGX30 dropped 1.05 percent, EGX70 declined 0.32 percent, and EGX100 decreased 0.54 percent.