EGX starts April in green

CAIRO – 1 April 2018: The Egyptian Exchange (EGX) ended the first session of April in green for the second consecutive session, amid Egyptian purchases.

The benchmark EGX30 rose 0.84 percent, or 145.78 points, to end at 17,595.88 points.

The equally weighted index EGX50 increased 1.40 percent, or 41.92 points, to reach 2986.67 points.

The small and mid-cap index EGX70 rebounded 0.55 percent, or 4.82 points, ending at 870.97 points and the broader index EGX100 climbed 0.84 percent, or 18.73 points, to close at 2238.27 points.

Market capitalization gained LE 5.49 billion, recording LE 979.67 billion ($55.39 billion), compared to LE 974.18 billion in Thursday’s session.

The trading volume reached 620.47 million shares traded through 37,022 transactions with a turnover of LE 1.66 billion.

Egyptian investors were net buyers at LE 31.29 million while Arab and foreign investors were net sellers at LE 15.37 million and LE 15.92 million, respectively.

Egyptian individuals were net buyers at LE 31.35 million while Arab and foreign individuals were net sellers at LE 18.43 million and LE 13.23 million, respectively.

Egyptian and foreign organizations sold at LE 59,070 and LE 2.69 million, respectively, while Arab organizations bought in at LE 3.05 million.

Remco for Touristic Villages Construction, Misr National Steel - Ataqa, and BPE Holding for Financial Investments were top gainers of the session by 10.81 percent, 10 percent, and 9.98 percent, respectively.

While Development & Engineering Consultants, Rowad Tourism (Al Rowad), and Glaxo Smith Kline were top losers of the session by 5.48 percent, 5.01 percent, and 4.98 percent, respectively.

The EGX ended Thursday with a collective height as EGX30 rose 0.84 percent and EGX50 increased 1.45 percent, EGX70 rallied 0.87 percent and EGX100 jumped 0.79 percent.