EGX ends mid-week session in green, market cap. gains LE2.7B

CAIRO – 23 June 2020: The Egyptian Exchange (EGX) ended Tuesday’s session in green, adding LE 2.73 billion to market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 rose 0.21 percent, or 22.46 points, to close at 10,764.82 points.

The equally weighted index EGX 50 increased 0.87 percent, or 14.39 points, to end at 1,663.52 points.

The small and mid-cap index EGX 70 climbed 1.13 percent, or 15.41 points, to close at 1,376.46 points, and the broader index EGX 100 jumped 1.01 percent, or 21.4 points to 2,146.56 points.

Market capitalization gained LE 2.73 billion, recording LE 582.24 billion, compared to LE 579.51 billion in Monday’s session.

The trading volume reached 358.54 million shares, traded through 41,584 transactions, with a turnover of LE 1.14 billion.

Foreign investors were net sellers at LE 119.52 million, while Egyptian and Arab investors were net buyers at LE 88.22 million, and LE 31.29 million, respectively.

Egyptian and foreign individuals were net sellers at LE 21.61 billion, and LE 918,658, respectively, while Arab individuals were net buyers at LE 27.42 million.

Foreign organizations sold at LE 118.59 million, while Egyptian and Arab organizations bought at LE 109.83 million, and LE 3.87 million, respectively.

Tenth Of Ramadan Pharmaceutical Industries&Diagnostic-Rameda, Arab Aluminum, and Nozha International Hospital were top gainers of the session at 20.60 percent, 12.54 percent and 9.99 percent, respectively.

Meanwhile, Suez Canal Bank S.A.E, Arab Valves Company, and ELSWEDY ELECTRIC were top losers of the session by 3.86 percent, 3.31 percent, and 3.20 percent, respectively.

EGX ended Monday’s session in a semi-collective rise, as: EGX30 dipped 0.75 percent, while EGX 50 rose 0.36 percent, EGX 70 climbed 1.47 percent, and EGX 100 jumped 1 percent.