EGX ends in green, turnover gains LE 430M

CAIRO – 14 September 2017: The Egyptian Exchange (EGX) saw positive performance on Thursday, boosted by foreign purchases.

The benchmark index EGX30 rose 1.25 percent to close at 13,611 points.

The small and mid-cap index EGX70 increased 0.59 percent to end at 743 points. The broader index EGX100 index also leveled up 0.83 percent to close at 1,652 points.

Market capitalization lost LE 3.3 billion ($186.9 million) to record LE 710.6 billion, down from LE 713.9 billion reached Wednesday.

Turnover grew to LE 1.9 billion, up from LE 1.47 billion Wednesday, while traded volume increased to 435 million shares after registering 331 million shares yesterday.

Local investors were net sellers with a total of LE 17.6 million, while Arab and foreign traders purchased by LE 16 million and LE 1.5 million, respectively.

The Financial Services excluding Banks led sectors in terms of traded values and volumes with LE 313 million and 173 million shares, respectively.

National Cement topped gainers and advanced 7.8 percent, while Al Arafa For Investment and Consultancies led the worst performers and dropped 6.7 percent.