EGX ends midweek session in positive note, market cap. gains LE 18.56B

CAIRO – 22 August 2023: The Egyptian Exchange (EGX) ended Tuesday’s session in the green zone, adding around LE 18.56 billion to the market capitalization, amid local and Arab purchases.

 

The benchmark EGX30 rose 1.65 percent, or 296.15 points, to end at 18,216.63 points.

 

The small and mid-cap index EGX 70 hiked 1.14 percent, or 41.74 points, to close at 3,716.51 points.

 

The broader index EGX 100 increased 1.20 percent, or 64.7 points, to 5,464.06 points.

  

Market capitalization gained around LE 18.56 billion, recording LE 1.238 trillion, compared to LE 1.219 trillion in Monday’s session.

 

The trading volume reached 705.51 million shares, traded through 82,544 transactions, with a turnover of LE 2.52 billion.

 

Foreign investors were net sellers at LE 85.68 million, while Egyptian and Arab investors were net buyers at LE 67.84 million, and LE 17.83 million, respectively.

 

ODIN Investments, Golden Textiles & Clothes Wool, and Egyptian Transport (EGYTRANS) were top gainers of the session at 16.42 percent, 14.52 percent and 10.77 percent, respectively.

 

Meanwhile, General Company for Land Reclamation,Development & Reconstruction, Wadi Kom Ombo Land Reclamation, and Remco for Touristic Villages Construction were top losers of the session by 8.51 percent, 3.37 percent, and 3.25 percent, respectively.