EGX flags in green, reaching highest level since 2018

CAIRO –  25 January 2023: The Egyptian Exchange (EGX) ended Wednesday’s session in the green zone, reaching the highest level since May 2018, amid Arab and foreign purchases.

 

The benchmark EGX30 increased 2.13 percent, or 350.58 points, to end at 16,791.11 points. 

 

The equally weighted index EGX 50 rose 2.05 percent, or 58.87 points, to end at 2,924.35 points.

 

The small and mid-cap index EGX 70 soared 1.68 percent, or 49.96 points, to close at 3,031.99 points, and the broader index EGX 100 hiked 1.71 percent, or 76.36 points, at 4,534.2 points.

 

 

Market capitalization gained around LE 18.99 billion, recording LE 1.082 trillion, compared to LE 1.063 trillion in Tuesday’s session.

 

The trading volume reached 495.94 million shares, traded through 75,178 transactions, with a turnover of LE 2.55 billion.

 

Egyptian investors were net sellers at LE 283.47 million, while Arab and foreign investors were net buyers at LE 132.44 million, and LE 151.03 million, respectively.

 

Egyptian and foreign individuals were net sellers at LE 157.38 million, and 6.24 million, respectively, while Arab individuals were net buyers at LE 35.78 million.

 

Arab and foreign organizations bought at LE 96.66 million, and LE 157.26 million, respectively, while Egyptian organizations sold at LE 126.08 million.

 

Orascom Development Egypt, Marseille Almasreia Alkhalegeya for Holding Investment, and Arab Aluminum were top gainers of the session at 19.89 percent, 14.02 percent and 11.70 percent, respectively.

 

Meanwhile, Cairo Pharmaceuticals, El-Nile Co. for Pharmaceuticals and Chemical Industries, and General Silos & Storage were top losers of the session by 9.16 percent, 5.58 percent, and 4.84 percent, respectively.