EGX wins LE 3.9B, benchmark rises 0.5%

CAIRO – 14 February 2018: The Egyptian Exchange (EGX) ended Wednesday on a mixed note, gaining LE 1.3 billion, amid Arab purchases.

The benchmark EGX30 increased 0.52 percent, or 76.2 points, to end at 14,805.95 points.

The small and mid-cap EGX70 rose 0.12 percent, or one point, to close at 844.82 points, and the equally weighted index, EGX50, edged up 6.41 points, or 0.24 percent, closing at 2628.04 points.

The broader index EGX100 leveled down 0.13 percent, or 2.61 points, to reach 2025.01 points.

Market capitalization gained LE 3.89 billion, recording LE 853.29 billion, compared to LE 849.4 billion in Tuesday’s session.

Egyptian and foreign investors were net sellers at LE 29.28 million and LE 7.35 million, respectively, while Arab investors were net buyers by LE 36.63 million.

Egyptian, Arab and foreign individuals were net sellers at LE 58.33 million, LE 3.65 million and LE 5.4 million, respectively.

Egyptian and Arab organizations bought by LE 29.05 million and LE 40.28 million, respectively, while foreign organizations sold by LE 1.93 million.

Ajwa Group for Food Industries - Egypt (AJWA), Egyptians for Investment and Urban Development SAE (EIUD) and Maridive and Oil Services (MOIL) were top gainers of the session by 8.15 percent, 6.32 percent and 6.25 percent, respectively.

While Trans Oceans Tours (TRTO), Glaxo SmithKline (BIOC) and Paint and Chemicals Industries (PACH) were top losers of the session by 12.50 percent, 4.74 percent and 4.45 percent, respectively.

The Egyptian Exchange ended Tuesday on a mixed note and market capitalization lost LE 2.6 billion amid Arab and foreign selling. The benchmark EGX30 decreased 1.08 percent, or 160.96 points, to end at 14,729.75 points.