EGX30 passes 17,200 points, market capitalization gains LE 8.5B

CAIRO – 18 March 2018: The Egyptian Exchange’s (EGX) benchmark passed the first resistance point 17,200 by the end of Sunday’s session, amid Egyptian and foreign purchases.

The benchmark EGX30 rose 1.60 percent, or 271.93 points, to end at 17,271.03 points.

The equally weighted index EGX50 increased 1.16 percent, or 33.06 points, to reach 2873.28 points.

The broader index EGX100 edged up 0.05 percent, or 1.17 points, to close at 2273.06 points while the small and mid-cap index EGX70 went down 0.58 percent, or 5.18 points, ending at 894.64 points.

Market Capitalization gained LE 8.5 billion, recording LE 980.99 billion ($55.69 billion), compared to LE 972.49 billion in Thursday’s session.

The trading volume reached 582.51 million shares traded through 39,111 transactions with a turnover of LE 2.05 billion.

Egyptian and foreign investors were net buyers at LE 84.13 million and LE 108.87 million, respectively, while Arab investors were net sellers at LE 193 million.

Arab and foreign individuals were net sellers at LE 124.35 million and LE 3.08 million, respectively, while Egyptian individuals were net buyers at LE 62.22 million.

Egyptian and foreign organizations bought at LE 21.9 million and LE 111.95 million, respectively, while Arab organizations sold at LE 68.66 million.

Citadel Capital - Common Shares, EDRs Of Al Salam Holding Company, and El Ezz Porcelain (Gemma) were top gainers of the session by 8.47 percent, 7.87 percent, and 7.85 percent, respectively.

While Wadi Kom Ombo Land Reclamation, Sues Canal Company for Technology Settling, and Alexandria New Medical Center were top losers of the session by 9.88 percent, 8.92 percent, and 5.78 percent, respectively.

The Egyptian Exchange’s (EGX) capitalization gained LE 14.5 billion in the second week of March, recording LE 972.49 billion in last Thursday’s session compared to LE 957.95 billion in the previous Thursday.

EGX went against expectations on Thursday to continue in red for the last session of the week within profit picking processes.

The benchmark EGX30 rose 0.70 percent, EGX50 increased 0.14 percent, EGX70 went up 0.03 percent, and EGX100 edged up 0.18 percent.