EGX adds LE 6.66 to market cap. during 2nd green session

CAIRO – 26 May 2019: The Egyptian Exchange (EGX) ended Sunday in green for the second consecutive session, and market capitalization gained LE 6.66 billion, amid Egyptian purchases.

The benchmark EGX30 rose 1.49 percent, or 205.03 points, to close at 13,981.88 points.

The equally weighted index EGX50 increased 1.53 percent, or 31.74 points, to reach 2,105.19 points.

The small and mid-cap index EGX70 climbed 0.31 percent, or 1.89 points, to close at 605.54 points, and the broader index EGX100 hiked 0.50 percent, or 7.73 point, to 1,544.18 points.

Market capitalization gained LE 6.66 billion, recording LE 758.32 billion, compared to LE 751.65 billion in Thursday’s session.

The trading volume reached 115.65 million shares, traded through 13,892 transactions, with a turnover of LE 378.18 million.

Egyptian investors were net buyers at LE 78.91 million, while Arab and foreign investors were net sellers at LE 18.8 million, and LE 60.11 million, respectively.

Arab individuals were net sellers at LE 1.45 million, while Egyptian and foreign individuals were net buyers at LE 22.79 million, and LE 1.61 million, respectively.

Arab and foreign organizations sold at LE 17.35 million, and LE 61.72 million, respectively, while Egyptian organizations bought at LE 56.12 million.

Mohandes Insurance, Nasr Company for Civil Works, and El Nasr for Manufacturing Agricultural Crops Egypt were top gainers of the session by 9.79 percent, 8.29 percent and 8.14 percent, respectively.

Meanwhile, Assiut Islamic Trading, Cairo for Investment and Real Estate Development, and Egyptian International Tourism Projects were top losers of the session by 4.46 percent, 2.52 percent, and 2.35 percent, respectively.

On Thursday, EGX ended trading in green, as EGX30 rose 0.82 percent, EGX50 increased 1.11 percent, EGX70 climbed 0.81 percent and EGX100 jumped 0.83 percent.