Egyptian and foreign buying leads EGX to the green on Thursday

Closing the first week of December trading, the Egyptian Exchange (EGX) closed Thursday trading on a positive note, adding around LE 18.7 billion to the market cap.

Benchmark index EGX 30 inched upwards by just 0.02 percent to reach 30,839.57 points at the end of the session.

EGX 70 was up by 0.73 percent to 8,559.56 points, followed by EGX 100 climbing 0.66 percent to close the session with 11,746.58 points.

The Shariah index jumped by 0.4 percent to reach 3,192.21 points.

Thursday trading reported 1.423 billion shares exchanged with a turnover of LE 12.599 billion.

Market capitalization was recorded at LE 2.270 trillion, compared to yesterday’s close of LE 2.2519 trillion.

Trading on securities saw Egyptian and foreign traders as net buyers with LE 43.15 million and LE 12.6 million, respectively. Arab investors were net sellers with LE 55.76 million.

The top gains of the session were by Nozha International Hospital which grew by 12.86 percent, Minapharm Pharmaceuticals by 10.83 percent, and Atlas for Investment and Food Industries by 8.83 percent.

The largest losses of the session were by Upper Egypt Flour Mills which dropped by 7.95 percent, General Silos & Storage by 3.52 percent, and Prime Holding by 3.36 percent.