EGX30 exceeds 14K levels during mid-week session

CAIRO – 28 May 2019: The Egyptian Exchange (EGX) ended mid-week session in green, and benchmark EGX 30 passed levels of 14,000 session, adding LE 2.41 billion to market capitalization, amid Egyptian and foreign purchases.

The benchmark EGX 30 rose 0.48 percent, or 67.53 points, to close at 14,028 points.

The equally weighted index EGX 50 increased 1.13 percent, or 23.65 points, to reach 2,123.66 points.

The small and mid-cap index EGX 70 climbed 0.25 percent, or 1.49 points, to close at 603.94 points, and the broader index EGX 100 hiked 0.30 percent, or 4.63 point, to 1,541.58 points.

Market capitalization gained LE 2.41 billion, recording LE 758.37 billion, compared to LE 755.96 billion in Thursday’s session.

The trading volume reached 159.82 million shares, traded through 23,770 transactions, with a turnover of LE 925.18 million.

Arab investors were net sellers at LE 5.9 million, while Egyptian and foreign investors were net buyers at LE 2.95 million, and LE 2.99 million, respectively.

Egyptian individuals were net sellers at 41.87 million, while Arab and foreign individuals were net buyers at LE 3.56 million, and LE 1.96 million, respectively.

Egyptian and foreign organizations bought at LE 44.82 million, and LE 1.04 million, respectively, while Arab organizations sold at LE 9.5 million.

Giza General Contracting, GB AUTO, and Ismailia National Food Industries were top gainers of the session by 7.99 percent, 7.79 percent and 7.30 percent, respectively.

Meanwhile, Delta Sugar, Middle & West Delta Flour Mills, and ZahraaMaadi Investment & Development were top losers of the session by 16.32 percent, 5.33 percent, and 4.31 percent, respectively.

On Monday, EGX ended trading in red, as EGX30 declined0.15 percent, EGX50 decreased 0.25 percent, EGX70 dropped 0.51 percent and EGX100 dipped 0.47 percent.