EGX ends Wednesday in semi-collective rise, market cap. gains LE1.1B

CAIRO – 2 September 2020: The Egyptian Exchange (EGX) ended Wednesday in a semi-collective rise, adding LE 1.1 billion to market capitalization, amid foreign selling.

The benchmark EGX30 dipped 0.18 percent, or 19.72 points, to close at 11,214.22 points.

On the other hand, the equally weighted index EGX 50 inched up 0.01 percent, or 0.19 points, to end at 2,013.99 points.

The small and mid-cap index EGX 70 rose 0.22 percent, or 4.11 points, to close at 1,834.93 points, and the broader index EGX 100 increased 0.16 percent, or 4.26 points to 2,736.29 points. 

Market capitalization gained around LE 1.1 billion, recording LE 626.79 billion, compared to LE 625.69 billion in Tuesday’s session.

The trading volume reached 420.4 million shares, traded through 39,030 transactions, with a turnover of LE 1.2 billion. 

Foreign investors were net sellers at LE 106.4 million, while Egyptian and Arab investors were net buyers at LE 96.45 million, and LE 9.93 million, respectively. 

Egyptian, Arab and foreign individuals were net buyers at LE 12.11 million, LE 4.65 million and LE 528,303, respectively.

Egyptian and Arab organizations bought at LE 84.34 million, and LE 5.27 million, respectively, while foreign organizations sold at LE 106.91 million.

El Obour Real Estate Investment, Giza General Contracting, and Egypt for Pourtly were top gainers of the session at 9.88 percent, 8.12 percent and 8.07 percent, respectively. 

Meanwhile, Wadi Kom Ombo Land Reclamation, General Company for Land Reclamation, Development & Reconstruction, and Northern Upper Egypt Development & Agricultural Production were top losers of the session by 7.7 percent, 5.29 percent, and 4.78 percent, respectively. 

EGX ended Tuesday’s session in red as: EGX30 dipped 1.16 percent, EGX 50 decreased 1.52 percent, EGX70 dropped 0.96 percent, and EGX 100  declined 1.13 percent.