EGX flags in green during last session of week, market cap. gains LE4.4B

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Tue, 30 Jun 2020 - 02:06 GMT

FILE - EGX

FILE - EGX

CAIRO – 30 June 2020: The Egyptian Exchange (EGX) ended Tuesday’s session in green, adding LE 4.4 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 rose 0.13 percent, or 14.49 points, to close at 10,764.59 points.

The equally weighted index EGX 50 increased 1.56 percent, or 26.53 points, to end at 1,731.84 points.

The small and mid-cap index EGX 70 climbed 2.15 percent, or 30.55 points, to close at 1,451.26 points, and the broader index EGX 100 rose 1.85 percent, or 40.86 points to 2,245.56 points.

Market capitalization gained LE 4.44 billion, recording LE 589.95 billion, compared to LE 585.51 billion in Monday’s session.

The trading volume reached 387.69 million shares, traded through 38,146 transactions, with a turnover of LE 1.11 billion.

Egyptian investors were net buyers at LE 140.52 million, while Arab and foreign investors were net sellers at LE 20.46 million, and LE 120.06 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 28.47 million, LE 5.36 million and LE 8.2 million, respectively.

Egyptian organizations bought at LE 168.99 million, while Arab and foreign organizations sold at LE 15.1 million, and LE 111.85 million, respectively.

Zahraa Maadi Investment & Development, Egyptian Iron & Steel, and Belton Financial Holding were top gainers of the session at 13.09 percent, 10 percent and 9.05 percent, respectively.

Meanwhile, International Co for Investment & Development, Prime Holding, and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 10 percent, 7.49 percent, and 4.63 percent, respectively.

EGX ended Monday in a semi-collective rise as: EGX30 dipped 0.91 percent, while EGX 50 increased 0.36 percent, EGX 70 climbed 1.52 percent, and EGX 100 rose 0.94 percent.

Meanwhile, EGX and the Central Bank of Egypt changed its official holiday on June 30, Tuesday, to be on Thursday, July 2, in response to Prime Minister Mostafa Madbouli’s decree to shift any day off during mid-week to be on Thursday.

Madbouli announced Sunday that any occasion that happens to take place in the middle of the week will be shifted to Thursday to enable citizens to have a longer weekend. The decision also applies to all municipal and public business sector employees.

Upon this decision, CBE and EGX will be off on Wednesday and Thursday, July 1 and 2, on the occasion of the seventh anniversary of the June 30 Revolution and the end of fiscal year 2019/2020.

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