EGX ends in green, market capitalization gains LE 2B

CAIRO – 10 September 2017: The Egyptian Exchange (EGX) saw positive performance on Sunday, backed by foreign traders’ purchases.

The benchmark index EGX30 inched up 0.17 percent to close at 13,455 points.

The small and mid-cap index EGX70 added 0.87 percent to end at 695 points. The broader index EGX100 index also rose 0.59 percent to close at 1,574 points.

Market capitalization gained LE 2.1 billion ($119 million) to reach LE 707.5 billion compared to LE 705.4 billion on Thursday.

Turnover stood at last session’s level at LE 1.2 billion, while traded volume leveled up to 568.45 million shares, up from 515.89 million shares on Thursday.

Local and Arab investors were net sellers with a total of LE 43.7 million and LE 14 million, respectively, while foreign traders purchased by LE 57.8 million.

The Financial Services excluding Banks led sectors in terms of traded values and volumes with LE 242.99 million and 257 million shares, respectively.

Egyptian Iron and Steel topped gainers and hiked 7.97 percent, while Memphis Pharmaceuticals led the worst performers and dipped 9.38 percent.