EGX loses LE 13.82B of market cap. despite trading in green

CAIRO - 19 May 2021: The Egyptian Exchange (EGX) ended Wednesday’s session in green, despite losing around LE 13.82 million of market capitalization, amid Arab purchases.

The benchmark EGX30 rose 0.23 percent, or 25.33 points, to end at 10,806.23 points.

 The equally weighted index EGX 50 hiked 1.07 percent, or 23.29 points, to end at 2,205.8 points.

The small and mid-cap index EGX 70 climbed 0.48 percent, or 10.77 points, to close at 2,241.36 points, and the broader index EGX 100 jumped 0.43 percent, or 13.8 points, to close at 3,200.82 points.

Market capitalization lost around LE 13.82 billion, recording LE 665.84 billion, compared to LE 679.67 billion in Tuesday’s session.

The trading volume reached 771.62 million shares, traded through 62,650 transactions, with a turnover of LE 1.91 billion.

Arab investors were net buyers at LE 65.39 million, while Egyptian and foreign investors were net sellers at LE 26.85 million, and LE 38.55 million, respectively.

Arab and foreign individuals were net buyers at LE 38.27 million, and LE 2.2 million, respectively, while Egyptian individuals were net sellers at LE 47.52 million.

Egyptian and Arab organizations bought at LE 20.67 million, and LE 27.12 million, respectively, while foreign organizations sold at LE 40.75 million.

Raya Holding for Financial Investments, North Cairo Mills, and Ismailia National Food Industries, were top gainers of the session at 10.83 percent, 9.52 percent and 9.24 percent, respectively.

Meanwhile, Pyramisa Hotels, Gulf Canadian Real Estate Investment Co., and Glaxo Smith Kline were top losers of the session by 9.99 percent, 7.03 percent, and 6.65 percent, respectively.

EGX ended Tuesday in green, as: EGX30 rose 1 percent, EGX 50 hiked 2.44 percent, EGX 70 climbed 2.08 percent, and EGX 100 jumped 2.04 percent.

Egypt’s banks and bourse were off from Wednesday, May 12, till Sunday, May 16. These holidays come in celebration of Eid Al-Fitr.