EGX30 passes 17,200 levels by gaining 166 points

CAIRO – 27 March 2018: The Egyptian Exchange (EGX) ended Tuesday on mixed performance, amid Arab and foreign purchases.

EGX indices recorded a height at the beginning and in the middle of the session, affected by the presidential election in Egypt, until the decline of EGX70 before closure.

The benchmark EGX30 rose 0.97 percent, or 166.09 points, to end at 17,270.43 points.

The equally weighted index EGX50 increased 1.68 percent, or 48.52 points, to reach 2928.74 points, and the broader index EGX100 edged up 0.42 percent, or 9.42 points, to close at 2237.65 points.

While the small and mid-cap index EGX70 slipped 0.10 percent, or 0.86 points, ending at 869.77 points.

Market capitalization gained LE 5.99 billion, recording LE 969.93 billion ($54.9 billion), compared to LE 963.8 billion in Monday’s session.

The trading volume reached 703.13 million shares traded through 43,940 transactions with a turnover of LE 2.34 billion.

Arab and foreign investors were net buyers at LE 567,725 and LE 9.3 million, respectively, while Egyptian investors were net sellers at LE 9.86 million.

Arab and foreign individuals were net buyers at LE 3.15 million and LE 9.96 million, respectively, while Egyptian individuals were net sellers at LE 71.28 million.

Arab and foreign organizations sold at LE 2.59 million and LE 656,741, respectively, while Egyptian organizations bought in at LE 61.4 million.

Misr National Steel (Ataqa), Citadel Capital - Common Shares, and Arabia Investments, Development, Fin. Inv. Holding Comp.-Cash were top gainers of the session by 8.59 percent, 8.41 percent, and 8.33 percent, repectively.

While TransOceans Tours, Modern Shorouk Printing & Packaging, and Prime Holding were top losers of the session by 12.5 percent, 8.82 percent, and 8 percent, respectively.

The EGX ended Monday on a mixed note as EGX30 rose 0.70 percent and EGX50 increased 0.48 percent, while EGX70 slipped 0.36 percent and EGX100 edged down 0.04 percent.

The presidential election kicked off on Monday and will continue until March 28, in a race pitting incumbent President Abdel Fatah al-Sisi against al-Ghad party chairperson, Moussa Moustafa Moussa.

The 2018 presidential election is the third poll to take place in Egypt since the January 2011 revolution. Egyptian expatriates have already voted in mid-March across 124 countries.