EGX ends mid-week session in green, market cap. gains LE1.6B

CAIRO – 26 January 2021: The Egyptian Exchange (EGX) ended mid-week session in green, addingLE 1.6 billion to market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 rose 0.15 percent, or 17.71 points, to end at 11,527.34 points.

The equally weighted index EGX 50 increased 0.33 percent, or 7.75 points, to end at 2,365.87 points.

The small and mid-cap index EGX 70 jumped 0.47 percent, or 11.11 points, to close at 2,354.98points, and the broader index EGX 100 rose 0.50 percent, or 16.8 points, to close at 3,378.52 points.

Market capitalization gained around LE 1.6 billion, recording LE 690.2 billion, compared to LE 688.57 billion in Monday’s session.

The trading volume reached 634.21 million shares, traded through 54,366 transactions, with a turnover of LE 1.7 billion. 

Foreign investors were net sellers at LE 38.42 million, while Egyptian and Arab investors were net buyers at LE 36.14 million, and LE 2.28 million, respectively. 

Egyptian and Arab individuals were net buyers at LE 73.3 million, and LE 10.69 million, respectively, while foreign individuals were net sellers at LE 1.31 million.

Egyptian, Arab and foreign  organizations sold at LE 37.16 million, LE 8.42 million, and LE 37.12 million, respectively.

Glaxo Smith Kline, Gulf Canadian Real Estate Investment Co., and Elsaeed Contracting & Real Estate Investment Company SCCD were top gainers of the session at 17.13 percent, 10 percent and 8.22percent, respectively. 

Meanwhile, Suez Cement, Samad Misr -EGYFERT, and Alexandria Flour Mills were top losers of the session by 5.47 percent, 4.03 percent, and 3.35 percent, respectively.

On Monday, EGX ended trading on mixed note: as EGX30 dropped 0.14 percent, while EGX 50 increased 0.54 percent, EGX 70  hiked 0.64 percent, and EGX 100 rose 0.61 percent.