EGX ends Tuesday in green amid Egyptian, foreign buying

CAIRO – 14 May 2018: The Egyptian Exchange (EGX) ended the mid-week session in green and market capitalization gained LE 2.5 billion ($140.33 million) amid Egyptian and foreign buying.

The benchmark EGX30 edged up 0.01 percent, or 1.71 points, to close at 16,985.78 points.

The equally weighted index EGX50 climbed 0.41 percent, or 11.88 points, to reach 2,911.67 points.

The small- and mid-cap index EGX70 jumped 0.19 percent, or 1.65 points, closing at 849.60 points, and the broader index EGX100 went up 0.14 percent, or 3.12 points, to close at 2,189.36 points.

Market capitalization gained LE 2.5 billion, recording LE 954.28 billion, compared to LE 951.75 billion in Monday’s session.

The trading volume reached 265.34 million shares, traded through 28,526 transactions, with a turnover of LE 1.39 billion.

Arab investors were net sellers at LE 77.45 million, while Egyptian and foreign investors were net buyers at LE 67.38 million and LE 10.07 million, respectively.

Egyptian and foreign individuals were net buyers at LE 58.99 million and LE 4.49 million, respectively, while Arab individuals were net sellers at LE 885,559.

Egyptian and foreign organizations bought at LE 8.38 million and LE 5.58 million, respectively, while Arab organizations sold at LE 76.57 million.

Wadi Kom Ombo Land Reclamation, Modern Shorouk Printing & Packaging, and El Arabia for Land Reclamation were top gainers of the session by 9.94 percent, 9.83 percent and 9.26 percent, respectively.

On the other hand, Development & Engineering Consultants, Misr Beni Suef Cement, and Remco for Touristic Villages Construction were top losers of the session by 7.93 percent, 4.58 percent and 4.44 percent, respectively.

The EGX ended Monday’s session in red, as the EGX30 decreased 1.16 percent, the EGX50 dropped 1.41 percent, the EGX70 declined 0.89 percent and the EGX100 went down 0.59 percent.