EGX ends week in green, market cap. gains LE8B

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Thu, 05 Mar 2020 - 02:50 GMT

BY

Thu, 05 Mar 2020 - 02:50 GMT

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

FILE - Employees in the EGX following performance of the trading session on December 12, 2017

CAIRO – 5 March 2020: The Egyptian Exchange (EGX) ended Thursday’s session in green, adding LE 7.97 billion to market capitalization, amid Egyptian and Arab buying.

The benchmark EGX 30 rose 1.36 percent, or 165.19 points, to close at 12,347.65 points.

The equally weighted index EGX 50 hiked 1.49 percent, or 24.9 points, to end at 1,697.04 points.

The small and mid-cap index EGX 70 increased 2.76 percent, or 31.55 points, to close at 1,172.87 points, and the broader index EGX 100 climbed 1.85 percent, or 22.97 points to 1,266.78 points.

Market capitalization gained LE 7.97 billion, recording LE 644.48 billion, compared to LE 636.51 billion in Wednesday’s session.

The trading volume reached 213.41 million shares, traded through 22,664 transactions, with a turnover of LE 618.09 million.

Foreign investors were net sellers at LE 65.83 million, while Egyptian and Arab investors were net buyers at LE 61.48 million, and LE 4.35 million, respectively.

Arab and foreign individuals were net sellers at LE 1.48 million, and LE 369,785, respectively, while Egyptian individuals were net buyers at LE 22.84 million.

Egyptian and Arab organizations bought at LE 38.64 million, and LE 5.84 million, respectively, while foreign organizations sold at LE 65.46 million.

Ismailia National Food Industries, Arab Valves Company, and Gulf Canadian Real Estate Investment Co. top gainers of the session at 9.97 percent, 9.76 percent and 9.75 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Upper Egypt Flour Mills, and Marsa Marsa Alam for Tourism Development were top losers of the session by 10 percent, 6.96 percent, and 6.72 percent, respectively.

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