EGX starts week in green, market capitalization gains LE 11.4B

CAIRO – 10 April 2018: The Egyptian Exchange (EGX) ended Tuesday’s session in green, amid foreign purchases.

The benchmark EGX30 rose 1.65 percent, to end at 17,697.32 points. The equally weighted index EGX50 jumped 1.55 percent, to reach 3023.85 points.

The small and mid-cap index EGX70 climbed 0.25 percent, ending at 867.73 points, and the broader index EGX100 increased 0.95 percent, to close at 2259.86 points.

Market capitalization gained LE 11.4 billion, recording LE 984.54 billion ($55.57 billion), compared to LE 973.09 billion in Thursday’s session.

The trading volume reached 268.24 million shares, traded through 31,993 transactions with a turnover of LE 1.58 billion.

Foreign investors were net buyers at LE 62.1 million while Egyptian and Arab investors were net sellers at LE 32.64 million and LE 29.46 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 24.14 million, LE 77.19 million and LE 9.12 million, respectively.

Egyptian organizations sold at LE 8.51 million while Arab and foreign organizations bought at LE 47.73 million and LE 71.22 million, respectively.

TransOceans Tours, EL Ezz Aldekhela Steel - Alexandria, and Belton Financial Holding were top gainers of the session by 14.29 percent, 9.51 percent, and 8.27 percent, respectively.

While Raya Contact Center, Misr National Steel - Ataqa, and Egyptian Starch & Glucose were top losers of the session by 16.39 percent, 7.86 percent, and 5.20 percent, respectively.

The Egyptian Exchange (EGX) ended Thursday’s session in red as EGX30 slipped 0.57 percent, EGX70 dropped 0.31 percent, and EGX100 declined 0.58 percent.

Sunday April 8 and Monday April 9 were official holidays as they coincided with Easter and Sham el Nessim.

Sham el-Nessim is an Egyptian national holiday which marks the beginning of spring and it’s celebrated by all Egyptians.

While Easter is a Christian feast that celebrates the resurrection of Jesus Christ from the dead. Easter concludes a 55-day period of fasting for Copts.