EGX continues trading in green zone for 3rd session in row

CAIRO – 10 November 2020: The Egyptian Exchange (EGX) continues its uptrend for the third session in row during Tuesday, adding LE 9.5 billion to market capitalization, amid foreign buying. 

The benchmark EGX30 jumped 2.20 percent, or 238.59 points, to close at 11,077.25 points.

The equally weighted index EGX 50 climbed 2.64 percent, or 53.86 points, to end at 2,092.75 points.

Moreover, the small and mid-cap index EGX 70 rose 2.07 percent, or 39.67 points, to close at 1,953.5points, and the broader index EGX 100 hiked 2.30 percent, or 64.25 points to 2,863.3 points.

Market capitalization gained around LE 9.5 billion, recording LE 627.94 billion, compared to LE 618.44 billion in Monday’s session.

The trading volume reached 486.99 million shares, traded through 54,991 transactions, with a turnover of LE 1.81 billion. 

Foreign investors were net buyers at LE 138.59 million, while Egyptian and Arab investors were net sellers at LE 132.81 million, and LE 5.78 million, respectively. 

Egyptian, Arab, and foreign individuals were net sellers at LE 92.87 million,  LE 15.6 million, and LE 1.07 million, respectively.

Arab, and foreign organizations bought at LE 9.82 million,  and LE 139.66 million, respectively, while Egyptian organizations sold at LE 39.94 million.

Orascom Development Egypt, General Company for Land Reclamation,Development & Reconstruction, and El Arabia for Land Reclamation were top gainers of the session at 16.81 percent, 10 percent and 9.97 percent, respectively. 

Meanwhile, Cairo Educational Services, Fawry for Banking Technology and Electronic Payment, and Suez Canal Bank S.A.E were top losers of the session by 9.61 percent, 4.82 percent, and 1.92percent, respectively.

On Monday, EGX ended in green, as: EGX30 jumped 1.48 percent, EGX 50 climbed 2.47 percent,  EGX 70 rose 2.38 percent, and EGX 100 hiked 2.43 percent.