Arab, foreign purchases push EGX into green for 3rd session in row

CAIRO – 12 December 2018: The Egyptian Exchange (EGX) ended Wednesday’s session in green for the third session in row amid Arab and foreign purchases and market capitalization gains about LE 8.6 billion.

The benchmark EGX30 rose 1.52 percent, or 192.42 points, to close at 12,856.83 points.

The equally weighted index EGX50 increased 1.58 percent, or 32.85 points, to reach 2,114.66 points.

The small and mid-cap index EGX70 inched up 0.65 percent, or 4.37 points, reaching 673.05 points, and the broader index EGX100 went up 0.79 percent, or 13.16 points, to close at 1,679.72 points.

Market capitalization gained LE 8.59 billion, recording LE 732.97 billion, compared to LE 724.37 billion in Tuesday’s session.

The trading volume reached 255.74 million shares, traded through 28,170 transactions, with a turnover of LE 1.17 billion.

Egyptian investors were net sellers at LE 98.57 million, while Arab and foreign investors were net buyers at LE 2.55 and LE 96.01 million, respectively.

Egyptian individuals were net sellers at LE 68.5 million, while Arab and foreign individuals were net buyers at LE 9.36 million, and LE 2.92 million, respectively.

Foreign organizations bought at LE 93.09 million, while Egyptian and Arab organizations sold at LE 30.03 million, and LE 6.81 million, respectively.

Torah CementRakta Paper Manufacturing and El Obour Real Estate Investment were top gainers of the session by 9.84 percent, 8.93 percent and 7.88 percent, respectively.

Meanwhile, National Bank of Kuwait- Egypt- NBK, Alexandria Flour Mills, and Eastern Company were top losers of the session by 6.23 percent, 5.71 percent, and 4.90 percent, respectively.

EGX ended Monday’s session in green, as EGX 30 rose 1.51 percent, EGX50 increased 1.54 percent, EGX70 inched up 1.21 percent, and EGX100 went up 1.16 percent.