EGX trades in green zone after Eid Al-Adha holiday

CAIRO - 25 July 2021: The Egyptian Exchange (EGX) ended Sunday’s session in green, adding around LE 8.79 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 increased 0.93 percent, or 98.84 points, to end at 10,745.69 points.

The equally weighted index EGX 50 hiked 1.61 percent, or 35.85 points, to end at 2,265.71 points.

The small and mid-cap index EGX 70 climbed 2.56 percent, or 64.16 points, to close at 2,573.61 points, and the broader index EGX 100 jumped 2.23 percent, or 77.42 points, to close at 3,546.79 points.

Market capitalization gained around LE 8.79 billion, recording LE 694.17 billion, compared to LE 685.38 billion in Sunday’s session.

The trading volume reached 532.03 million shares, traded through 50,452 transactions, with a turnover of LE 1.5 billion.

Egyptian investors were net buyers at LE 39.08 million, while Arab and foreign investors were net sellers at LE 3.59 million, and LE 35.48 million, respectively.

Arab and foreign individuals were net sellers at LE 1.47 million, and LE 867,315, respectively, while Egyptian individuals were net buyers at LE 3.09 million.

Egyptian and foreign organizations bought at LE 35.98 million, and LE 36.35 million, respectively, while Arab organizations sold at LE 2.12 million.

Asek Company for Mining – Ascom, Rubex International for Plastic and Acrylic Manufacturing, and Alexandria Flour Mills were top gainers of the session at 13.61 percent, 10 percent and 9.99 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Egyptian for Tourism Resorts, and Zahraa Maadi Investment & Development were top losers of the session by 5.07 percent, 5.05 percent, and 4.82 percent, respectively.

EGX was off starting from Monday 19th of July till Saturday 24th of July for the celebration of Eid al-Adha Al Mubarak & 23rd of July.

Eid al-Adha is the latter of the two official Islamic holidays celebrated within Islam. It honours the willingness of Ibrahim to sacrifice his son Ismail as an act of obedience to God's command. Before Ibrahim could sacrifice his son, however, Allah provided a lamb to sacrifice instead.