EGX starts week in green, market cap. gains LE 10.3B


Sun, 05 Jul 2020 - 02:28 GMT



CAIRO – 5 July 2020: The Egyptian Exchange (EGX) started week in green after being off for four days, adding LE 10.3 billion to market capitalization, amid Egyptian purchases. 


CBE and EGX were 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.


The benchmark EGX30 rose 1.81 percent, or 194.76 points, to close at 10,959.35 points. 


The equally weighted index EGX 50 increased 3.57 percent, or 61.85 points, to end at 1,793.69 points. 


The small and mid-cap index EGX 70 climbed 3.75 percent, or 54.15 points, to close at 1,505.41points, and the broader index EGX 100 rose 3.46 percent, or 77.63 points to 2,323.19 points. 


Market capitalization gained LE 10.28 billion, recording LE 600.24 billion, compared to LE 589.95billion in Tuesday’s session on June 30. 


The trading volume reached 449.28 million shares, traded through 42,224 transactions, with a turnover of LE 1.07 billion. 


Egyptian investors were net buyers at LE 9.83 million, while Arab and foreign investors were net sellers at LE 1.99 million, and LE 7.84 million, respectively. 


Egyptian and Arab individuals were net sellers at LE 29.73 million, and LE 2.94 million, respectively, while foreign individuals were net buyers at LE 10.89 million. 


Foreign organizations sold at LE 18.73 million, while Egyptian and Arab organizations bought at LE 39.56 million, and LE 951,362, respectively. 


Nasr Company for Civil Works, The Egyptian Company for Construction Development-Lift Slab, and Egypt Aluminum were top gainers of the session at 9.96 percent, 9.96 percent and 9.92 percent, respectively. 


Meanwhile, Egyptian Real Estate Group, Ismailia Development and Real Estate Co, and Marsa Marsa Alam for Tourism Development were top losers of the session by 3.41 percent, 3.30 percent, and 3.22percent, respectively. 


EGX ended Tuesday, June 30,  in a collective rise as: EGX30 rose 0.13 percent, EGX 50 increased 1.56 percent, EGX 70 climbed 2.15 percent, and EGX 100 rose 1.85 percent. 




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