EGX enters green zone after 3 sessions of downtick

CAIRO – 22 September 2021: The Egyptian Exchange (EGX) ended its downtrend that lasted for three sessions during Wednesday by ending trading in the green zone, adding around LE 8.84 billion to market capitalization, amid Arab and foreign purchases.

The benchmark EGX30 rose 0.93 percent, or 97.54 points, to end at 10,596.06 points.

The equally weighted index EGX 50 hiked 3.08 percent, or 68.42 points, to end at 2,290.72 points.

The small and mid-cap index EGX 70 climbed 3.10 percent, or 80.56 points, to close at 2,679.52 points, and the broader index EGX 100 jumped 2.80 percent, or 98.93 points, to close at 3,634.58 points.

Market capitalization gained around LE 8.84 billion, recording LE 701.04 billion, compared to LE 692.2 billion in Tuesday’s session.

The trading volume reached 300.27 million shares, traded through 42,320 transactions, with a turnover of LE 1.18 billion.

Egyptian investors were net sellers at LE 35.88 million, while Arab and foreign investors were net buyers at LE 57.99 million, and LE 22.11 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 99.77 million, LE 47.16 million, and LE 624,370, respectively.

Egyptian, and foreign organizations sold at LE 135.65 million, and LE 22.74 million, respectively, while Arab organizations bought at LE 10.83 million.

Misr Hotels, Mansourah Pourtly, and Natural Gas & Mining Project (Egypt Gas) were top gainers of the session at 19.16 percent, 14.65 percent and 14.53 percent, respectively.

Meanwhile, Glaxo Smith Kline, Obour Land for Food Industries, and Ceramic & Porcelain were top losers of the session by 6.43 percent, 4.49 percent, and 3.85 percent, respectively.

EGX ended Tuesday in red, as: EGX30 dropped 1.98 percent, EGX50 decreased 3.46 percent, EGX 70 dipped 3.34 percent, and EGX 100 lessened 3.29 percent.