EGX ends Tuesday in semi-collective rise, market cap. gains LE 1.1B


Tue, 07 Jul 2020 - 01:59 GMT

FILE – Employees in the EGX following performance of the trading session on December 12, 2017

FILE – Employees in the EGX following performance of the trading session on December 12, 2017

CAIRO – 7 July 2020: The Egyptian Exchange (EGX) ended mid-week session in a semi-collective rise, adding LE 1.09 billion to market capitalization, amid Egyptian purchases. 


The benchmark EGX30 dipped 0.34 percent, or 37.44 points, to close at 11,050.2 points. 


The equally weighted index EGX 50 increased 0.30 percent, or 5.59 points, to end at 1,844.95 points. 


The small and mid-cap index EGX 70 climbed 0.39 percent, or 6.03 points, to close at 1,543.98 points, and the broader index EGX 100 jumped 0.28 percent, or 6.53 points to 2,375.79 points. 


Market capitalization gained LE 1.09 billion, recording LE 607.18 billion, compared to LE 606.08 billion in Monday’s session. 


The trading volume reached 406.51 million shares, traded through 44,199 transactions, with a turnover of LE 1.8 billion. 


Egyptian investors were net buyers at LE 146.39 million, while Arab and foreign investors were net sellers at LE 3.73 million, and LE 142.66 million, respectively. 


Egyptian and Arab individuals were net sellers at LE 28.05 million, and LE 1.03 million, respectively, while foreign individuals were net buyers at LE 1.4 million.


Egyptian organizations bought at LE 174.45 million, while Arab and foreign organizations sold at LE 2.7 million, and LE 144.08 million, respectively. 


The Egyptian Company for Construction Development-Lift Slab, Fawry for Banking Technology and Electronic Payment, and Prime Holding were top gainers of the session at 9.81 percent, 9.77 percent and 8.42 percent, respectively. 


Meanwhile, Egyptian Iron & Steel, Ismailia National Food Industries, and Ismailia Development and Real Estate Co. were top losers of the session by 8.05 percent, 7.52 percent, and 7.41 percent, respectively. 


EGX ended Monday, in a collective rise for the third consecutive session as: EGX30 rose 1.17 percent, EGX 50 increased 2.55 percent, EGX 70 climbed 2.16 percent, and EGX 100 rose 1.98 percent.


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.



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