EGX ends Tuesday in green, market cap. gains LE 9.5B

BY

Tue, 16 Jun 2020 - 01:53 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 16 June 2020: The Egyptian Exchange (EGX) ended mid-week session in green, adding LE 9.5 billion to market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 rose 2.50 percent, or 266.9 points, to close at 10,935.32 points.

The equally weighted index EGX 50 hiked 2.50 percent, or 40.36 points, to end at 1,656.43 points.

The small and mid-cap index EGX 70 climbed 2.03 percent, or 26.17 points, to close at 1,312.78 points, and the broader index EGX 100 jumped 2.01 percent, or 41.08 points to 2,080.23 points.


Market capitalization gained LE 9.5 billion, recording LE 581.27 billion, compared to LE 571.75 billion in Monday’s session.

The trading volume reached 345.19 million shares, traded through 40,378 transactions, with a turnover of LE 996.3 million.

Foreign investors were net sellers at LE 75.18 million, while Egyptian and Arab investors were net buyers at LE 46.05 million, and LE 29.13 million, respectively.

Egyptian and Arab individuals were net buyers at LE 32.17 million, and LE 17.49 million, respectively, while foreign individuals were net sellers at LE 916,639.

Foreign organizations sold at LE 74.72 million, while Egyptian and Arab organizations bought at LE 13.87 million, and LE 11.64 million, respectively.

Egyptian Iron & Steel, Samad Misr -EGYFERT, and ARAB POLVARA SPINNING & WEAVING CO. were top gainers of the session at 17.08 percent, 15.52 percent and 9.99 percent, respectively.

Meanwhile, Universal for Paper and Packaging Materials (Unipack), Modern Company for water proofing (Bitumode), and Golden Textiles & Clothes Wool were top losers of the session by 9.82 percent, 8.03 percent, and 4.81 percent, respectively.

EGX ended Monday’s session in a semi-collective rise, as: EGX30 dipped 0.58 percent, while EGX 50 rose 0.06 percent, EGX 100 increased 0.22 percent, and EGX 70 inched up 0.24 percent.

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