EGX gains LE 3.9B amid Egyptian and Arab purchases

CAIRO – 12 February 2018: The Egyptian Exchange (EGX) ended Monday in green and market Capitalization won LE 3.94 billion, amid Egyptian and Arab buying.

The benchmark EGX30 rose 0.42 percent, or 62.35 points, to end at 14,890.71 points.

The small and mid-cap index EGX70 increased 0.67 percent, or 5.63 points, to close at 849.01 points, and the broader index EGX100 leveled up 0.63 percent, or 12.78 points, to reach 2026.75 points.

The equally weighted index, EGX50, leveled up 20.6 points, or 0.78 percent, closing at 2642.64 points.

Market capitalization gained LE 3.94 billion, recording LE 852 billion ($48.14million), compared to LE 848.07 billion in Sunday’s session.

Egyptian and Arab investors were net buyers at LE 3.3 million and LE 79.75 million, respectively, while foreign investors were net sellers by LE 83.07 million.

Egyptian, Arab and foreign individuals were net sellers at LE 27.36 million, LE 29.3 million and LE 1.17 million, respectively.

Egyptian and Arab organizations bought by LE 30.68 million, LE 109.05 million, respectively, while foreign organizations sold by LE 81.89 million.

Al Ezz Dekheila Steel - Alexandria (IRAX), International Agricultural Products (IFAP) and Memphis Pharmaceutical and Chemical Industries (MPCI) were the top gainers of the session by 8.10 percent, 8.07 percent and 7.38 percent, respectively.

While National Company for Housing for Professional Syndicates (NHPS), Alexandria Flour Mills (AFMC), and Orange Egypt for Telecommunications (OREG) were the top losers of the session by 8.54 percent, 6.88 percent and 4.37 percent, respectively.

The Egyptian Exchange (EGX) ended Sunday in red, and the benchmark EGX30 slipped 0.62 percent, or 92.93 points, to end at 14,828.36 points.