EGX ends Sunday in green, market cap. gains LE 9.9B

CAIRO – 12 July 2020: The Egyptian Exchange (EGX) ended Sunday in green, adding LE 9.9 billion tomarket capitalization, amid Egyptian and Arab buying.

The benchmark EGX30 hiked 1.05 percent, or 114.94 points, to close at 11,071.96 points. 

The equally weighted index EGX 50 increased 3.34 percent, or 59.77 points, to end at 1,850.06 points. 

The small and mid-cap index EGX 70 rose 3.98 percent, or 58.81 points, to close at 1,536.17 points, and the broader index EGX 100 jumped 3.46 percent, or 79.21 points to 2,369.01 points. 

Market capitalization gained LE 9.97 billion, recording LE 606.75 billion, compared to LE 596.76 billion in Thursday’s session. 

The trading volume reached 353.32 million shares, traded through 40,535 transactions, with a turnover of LE 945.5 billion. 

Foreign investors were net sellers at LE 48.53 million, while Egyptian and Arab investors were net buyers at LE 35.9 million, and LE 12.6 million, respectively. 

Arab individuals were net buyers at LE 18.47 million while Egyptian and foreign individuals were net sellers at LE 24.44 million, and LE 403,058, respectively.

Egyptian organizations bought at LE 60.35 million, while Arab and foreign organizations sold at LE 5.86 million, and LE 48.12 million, respectively. 

Arab Co. for Asset Management and Development, El Nasr For Manufacturing Agricultural Crops, and Mena Touristic & Real Estate Investment were top gainers of the session at 10.37 percent, 9.98percent and 9.72 percent, respectively. 

Meanwhile, Prime Holding, Nozha International Hospital, and Sinai Cement were top losers of the session by 7.63 percent, 5.87 percent, and 5.13 percent, respectively. 

EGX ended Thursday, in red as: EGX30 dipped 1.54 percent, EGX 50 decreased 3.24 percent, and EGX 70 declined 4.20 percent, while EGX 100 dipped 3.73 percent.