EGX ends week in green, market cap. gains LE 1.4B

CAIRO – 11 March 2021: The Egyptian Exchange (EGX) ended Thursday in green, adding LE 1.4 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 hiked 0.23 percent, or 25.75 points, to end at 11,261.35 points.

The equally weighted index EGX 50 increased 0.45 percent, or 10.17 points, to end at 2,250.82 points.

The small and mid-cap index EGX 70 jumped 0.69 percent, or 15.2 points, to close at 2,212.85 points, and the broader index EGX 100 climbed 0.60 percent, or 19.19 points, to close at 3,223.36 points.

Market capitalization gained around LE 1.4 billion, recording LE 688.56 billion, compared to LE 687.16 billion in Wednesday’s session.

The trading volume reached 695.32 million shares, traded through 37,140 transactions, with a turnover of LE 1.17 billion. 

Egyptian investors were net buyers at LE 25.73 million, while Arab and foreign investors were net sellers at LE 15.85 million, and LE 9.88 million, respectively.

Egyptian and Arab individuals were net sellers at LE 22.58 million, and LE 603,223, respectively, while foreign individuals were net buyers at LE 2.38 million. 

Arab and foreign organizations sold at LE 12.49 million, and LE 12.27 million, respectively, while Egyptian investors bought at LE 48.31 million.

El Obour Real Estate Investment, Marsa Marsa Alam for Tourism Development, and Osool ESB Securities Brokerage were top gainers of the session at 9.93 percent, 9.42 percent and 6.45 percent, respectively. 

Meanwhile, El Kahera Housing, B Investments Holding, and Faisal Islamic Bank of Egypt - In EGP were top losers of the session by 6.76 percent, 5.92 percent, and 5.81 percent, respectively.

On Wednesday, it ended trading in red, as: EGX30 decreased 0.90 percent, EGX 50 dipped 0.93 percent, EGX 70 dropped 0.96 percent, and EGX 100 lessened 0.84 percent.