EGX30 passes 17,600, market cap. gains LE 2.3B

CAIRO – 2 April 2018: The Egyptian Exchange (EGX) ended Monday session on a mixed note after the decline of the broader index EGX100, amid Egyptian and Arab selling.

The benchmark EGX30 rose 0.50 percent, or 88.78 points, to end at 17,684.66 points.

The equally weighted index EGX50 increased 0.61 percent, or 60.39 points, to reach 3047.06 points.

The small and mid-cap index EGX70 climbed 0.18 percent, or 6.37 points, ending at 877.34 points, while the broader index EGX100 slipped 0.23 percent, or 13.45 points, to close at 2251.72 points.

Market capitalization gained LE 2.26 billion, recording LE 984.92 billion ($55.7 billion), compared to LE 979.67 billion in Sunday’s session.

The trading volume reached 703.47 million shares, traded through 49,711 transactions with a turnover of LE 2.39 billion.

Egyptian and Arab investors were net sellers at LE 25.63 million and LE 60.99 million, respectively, while foreign investors were net buyers at LE 86.63 million.

Egyptian and Arab individuals were net sellers at LE 101.53 million and LE 36.05 million, respectively, while foreign individuals were net buyers at LE 1.5 million.

Egyptian and foreign organizations bought at LE 75.89 and LE 85.1 million, respectively, while Arab organizations sold at LE 24.94 million.

Egyptian Chemical Industries (Kima), Misr National Steel - Ataqa, and Ibnsina Pharma were top gainers of the session by 10.27 percent, 9.79 percent, and 7.84 percent, respectively.

While Misr Beni Suef Cement, Prime Holding, and Rowad Tourism (Al Rowad) were top losers of the session by 6.26 percent, 5.59 percent, and 5.44 percent, respectively.

The EGX ended Sunday with a collective height as EGX30 rose 0.84 percent and EGX50 increased 1.40 percent, EGX70 rallied 0.55 percent and EGX100 jumped 0.84 percent.