Egyptian organization purchases push EGX to green zone

BY

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Thu, 29 Sep 2022 - 04:47 GMT

BY

Thu, 29 Sep 2022 - 04:47 GMT

EGX - REUTERS

EGX - REUTERS

CAIRO – 29 September 2022: The Egyptian Exchange (EGX) ended Thursday’s session in the green zone, adding around LE 5.6 billion to the market capitalization, amid Egyptian organization purchases.
 
The benchmark EGX30 rose 1.29 percent, or 125.27 points, to end at 9,827.46 points.
 
The equally weighted index EGX 50 increased 0.71 percent, or 13.46 points, to end at 1,904.58 points.
 
The small and mid-cap index EGX 70 hiked 0.40 percent, or 8.93 points, to close at 2,250.5 points, and the broader index EGX 100 climbed 0.51 percent, or 16.18 points, at 3,188.24 points.
 
Market capitalization gained around LE 5.63 billion, recording LE 688.09 billion, compared to LE 682.45 billion in Wednesday’s session.
 
The trading volume reached 556.89 million shares, traded through 46,806 transactions, with a turnover of LE 1.73 billion.
 
Egyptian investors were net buyers at LE 560.13 million, while Arab and foreign investors were net sellers at LE 379.46 million, and LE 180.67 million, respectively.
 
Egyptian and Arab individuals were net sellers at LE 70.76 million, and LE 33.67 million, respectively, while foreign individuals were net buyers at LE 5.34 million.
 
Arab and foreign organizations sold at LE 345.78 million, and LE 186 million, respectively, while Egyptian organizations bought at LE 630.89 million.
 
Egyptians Housing Development & Reconstruction, Atlas for Investment and Food Industries, and Citadel Capital - Common Shares were top gainers of the session at 8.97 percent, 8.16 percent and 6.06 percent, respectively.
 
Meanwhile, the Arab Dairy Products Co. Arab Dairy - Panda, Lecico Egypt, and Northern Upper Egypt Development & Agricultural Production were top losers of the session by 7.41 percent, 6.89 percent, and 4.25 percent, respectively.
 
 

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