EGX starts Dec. in green, market cap. gains LE2.54B

CAIRO – 1 December 2021: The Egyptian Exchange (EGX) ended the first trading session of December in green, adding around LE 2.54 billion to market capitalization, amid foreign purchases.

The benchmark EGX30 rose 0.21 percent, or 24.4 points, to end at 11,420 points.

The equally weighted index EGX 50 climbed 1.39 percent, or 27.86 points, to end at 2,029.33 points.

The small and mid-cap index EGX 70 hiked 1.68 percent, or 35.82 points, to close at 2,163.66 points, and the broader index EGX100 increased 1.40 percent, or 43.53 points, to close at 3,148.67 points.

Market capitalization gained around LE 2.54  billion, recording LE 724.58 billion, compared to LE 722.04 billion in Tuesday’s session.

The trading volume reached 392.95 million shares, traded through 46,170 transactions, with a turnover of LE 1.16 billion.

Foreign investors were net buyers at LE 30.72 million, while Egyptian and Arab investors were net sellers at LE 12.68 million, and LE 18.04  million, respectively.

Arab and foreign individuals were net sellers at LE 22.61 million, and LE 68,401, respectively, while Egyptian individuals were net buyers at LE 6.8 million.

Arab and foreign organizations bought at LE 4.57 million, and LE 30.78 million, respectively, while Egyptian organizations sold at LE 19.51 million.

International Co for Investment & Development, Emerald Real Estate Investment, and Mena Touristic & Real Estate Investment were top gainers of the session at 13.28 percent, 10.27 percent and 8.09 percent, respectively.

Meanwhile, Cairo Pharmaceuticals, Naeem Holding, and Gulf Canadian Real Estate Investment Co., were top losers of the session by 16.01 percent, 5.02 percent, and 4.98 percent, respectively.