EGX ends Sunday in semi-collective rise, market cap. loses LE525M

CAIRO – 28 June 2020: The Egyptian Exchange (EGX) ended Sunday’s session in a semi-collective rise, losing LE 525 million of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 dipped 0.38 percent, or 41.83 points, to close at 10,848.65 points.

On the other hand, the equally weighted index EGX 50 increased 0.62 percent, or 10.54 points, to end at 1,699.23 points.

The small and mid-cap index EGX 70 climbed 1.06 percent, or 14.71 points, to close at 1,399.39 points, and the broader index EGX 100 rose 0.86 percent, or 18.52 points to 2,184.25 points.

Market capitalization lost LE 525.06 million, recording LE 586.34 billion, compared to LE 586.87 billion in Thursday’s session.

The trading volume reached 285.54 million shares, traded through 33,937 transactions, with a turnover of LE 756.54 million.

Egyptian investors were net buyers at LE 62.75 million, while Arab and foreign investors were net sellers at LE 12.11 million, and LE 50.64 million, respectively.

Egyptian individuals were net buyers at LE 57.83 million, while Arab and foreign individuals were net sellers at LE 9.89 million and LE 11.31 million, respectively.

Egyptian organizations bought at LE 4.92 million, while Arab and foreign organizations sold at LE 2.21 million, and LE 39.33 million, respectively.

Gharbia Islamic Housing Development, Medical Packaging Company, and Egyptians For Investment & Urban Development were top gainers of the session at 9.91 percent, 9.51 percent and 9.20 percent, respectively.

Meanwhile, Ismailia Development and Real Estate Co, Nozha International Hospital, and ARAB POLVARA SPINNING & WEAVING CO. were top losers of the session by 4.90 percent, 4.60 percent, and 4.50 percent, respectively.

EGX ended Thursday’s session in red, as: EGX30 EGX30 dipped 1.35 percent, EGX 50 decreased 1.06 percent, EGX 70 lessened 0.97 percent, and EGX 100 dropped 1.04 percent.