EGX ends Wednesday in collective rise, market cap. gains LE7.88B

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Wed, 01 Mar 2023 - 05:38 GMT

BY

Wed, 01 Mar 2023 - 05:38 GMT

REUTERS-Traders work at the Egyptian stock exchange in Cairo

REUTERS-Traders work at the Egyptian stock exchange in Cairo

CAIRO –  1 March 2023: The Egyptian Exchange (EGX) ended Wednesday’s session in the green zone, adding around LE 7.88 billion to the market capitalization, amid Egyptian and Arab purchases.
 
The benchmark EGX30 rose 0.71 percent, or 120.93 points, to end at 17,123.01 points. 
 
The equally weighted index EGX 50 increased 0.62 percent, or 18.19 points, to end at 2,937.13 points.
 
Moreover, the small and mid-cap index EGX 70 hiked 1.42 percent, or 42.94 points, to close at 3,059.92 points, and the broader index EGX 100 climbed 1.13 percent, or 50.9 points, at 4,546.04 points.
 
Market capitalization gained around LE 7.88 billion, recording LE 1.093 trillion, compared to LE 1.085 trillion in Tuesday’s session.
 
The trading volume reached 666.57 million shares, traded through 71,272 transactions, with a turnover of LE 2.21 billion.
 
Foreign investors were net sellers at LE 129.43 million, while Egyptian and Arab investors were net buyers at LE 80.26 million, and LE 49.16 million, respectively.
 
Arab and foreign individuals were net buyers at LE 2.47 million, and LE 126,600, respectively, while Egyptian individuals were net sellers at LE 48.95 million.
 
Egyptian and Arab organizations bought at LE 129.22 million, and LE 46.69 million, respectively, while foreign organizations sold at LE 129.55 million.
 
Asek Company for Mining - Ascom, Arab Real Estate Investment CO.-ALICO, and Giza General Contracting were top gainers of the session at 14.44 percent, 9.05 percent and 8.21 percent, respectively.
 
Meanwhile, Osool ESB Securities Brokerage, North Cairo Mills, and Wadi Kom Ombo Land Reclamation were top losers of the session by 15.59 percent, 7.27 percent, and 6.02 percent, respectively.
 
 

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