EGX ends Tuesday on mixed note, market cap. gains LE4.25B

CAIRO – 10 March 2020: The Egyptian Exchange (EGX) ended Tuesday’s session on a mixed note, adding LE 4.25 billion to market capitalization, amid Arab selling.

The benchmark EGX 30 rose 1.97 percent, or 216.48 points, to close at 11,199.96 points.

The equally weighted index EGX 50 climbed 0.30 percent, or 4.64 points, to end at 1,540.29 points.

On the other hand, the small and mid-cap index EGX 70 decreased 0.24 percent, or 2.6 points, to close at 1,080.83 points, and the broader index EGX 100 lessened 0.04 percent, or 0.43 points to 1,166.76 points.

Market capitalization gained LE 4.25 billion, recording LE 598.33 billion, compared to LE 594.07 billion in Monday’s session.

The trading volume reached 271.49 million shares, traded through 26,808 transactions, with a turnover of LE 773.53 million.

Arab investors were net sellers at LE 8.34 million, while Egyptian and foreign investors were net buyers at LE 7.16 million, and LE 1.18 million, respectively.

Egyptian and foreign individuals were net sellers at LE 29.84 million, and LE 699,811, respectively, while Arab individuals were net buyers at LE 55.69 million.

Egyptian and foreign organizations bought at LE 37 million, and LE 1.88 million, respectively, while Arab organizations sold at LE 64.04 million.

Alexandria New Medical Center, Golden Coast Company, and El Shams Housing & Urbanization top gainers of the session at 9.74 percent, 7.89 percent and 6.51 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Marsa Marsa Alam For Tourism Development, and Pioneers Holding were top losers of the session by 9.95 percent, 9.60 percent, and 7.99 percent, respectively.

On Monday, EGX ended Monday in red, as EGX 30 dropped 7.31 percent, EGX 50 dipped 5.95 percent, EGX 70 decreased 5.04 percent, and EGX 100 lessened 5.71 percent.