EGX adds LE 8.13B to market cap. amid Arab, foreign purchases

CAIRO – 1 September 2021: The Egyptian Exchange (EGX) ended Wednesday’s session in green, adding around LE 8.13 billion to market capitalization, amid Arab and foreign purchases.

The benchmark EGX30 hiked 1.26 percent, or 139.9 points, to end at 11,283.7 points.

The equally weighted index EGX 50 rose 1.33 percent, or 32.9 points, to end at 2,513.45 points.

The small and mid-cap index EGX 70 climbed 1.98 percent, or 58.22 points, to close at 3,001.79 points, and the broader index EGX 100 jumped 1.73 percent, or 68.41 points, to close at 4,014.06 points.

Market capitalization gained around LE 8.13 billion, recording LE 741.12 billion, compared to LE 732.99  billion in Tuesday’s session.

The trading volume reached 411.61 million shares, traded through 49,252 transactions, with a turnover of LE 1.63 billion.

Egyptian investors were net sellers at LE 64.81 million, while Arab and foreign investors were net buyers at LE 32.91 million, and LE 31.89 million, respectively.

Egyptian and foreign individuals were net sellers at LE 17.88 million, and LE 709,469, respectively, while Arab organizations were net buyers at LE 13.86 million.

Arab and foreign organizations bought at LE 19.05 million, and LE 32.61 million, respectively, while Egyptian organizations sold at LE 46.92 million.

October Pharma, Ismailia Misr Pourtly, and Mena Touristic & Real Estate Investment were top gainers of the session at 9.99 percent, 9.96 percent and 9.78 percent, respectively.

Meanwhile, El Shams Housing & Urbanization, Egyptian Arabian (cmar) Securities Brokerage EAC, and Misr Beni Suef Cement were top losers of the session by 9.95 percent, 6.78 percent, and 4.78 percent, respectively.

EGX ended Tuesday in red as: EGX30 dipped 0.17 percent, EGX 50 dropped 0.69 percent, EGX 70 declined 1.03 percent, and EGX 100 decreased 0.96 percent.