Foreign and Arab buying pushes EGX into green for 2nd session

CAIRO – 29 January 2018: The Egyptian Exchange (EGX) indexes ended Monday transactions in Green for the second consecutive session, amid Foreign and Arab buying.

The benchmark EGX30 gained 57.98 points, or 0.38 percent, to end at 15,369.13 points.
The small and mid cap index EGX70 rose 0.81 percent, or 6.93 points, to close at 861.36 points, and the broader index EGX100 leveled up 12.01 points to end at 2042.60 points.

The equally weighted index EGX50 increased 11.75 points or 0.43 percent, ending at 2737.81 points.

Market Capitalization recorded LE 865.65 billion, up from LE 859.06 billion on Sunday’s session.

Egyptians were net sellers by LE 67.13 million, while Foreign and Arab investors were net buyers by LE 48.14 million and LE 18.99 million, respectively.

Alexandria Medical Services - Alexandria New Medical Center SAE (AMES), International Agricultural Products (IFAP) and Abu Qir Fertilizers (ABUK) were the top gainers of the session by 9.04 percent, 7.73 percent and 7.03 percent, respectively.

While top losers of the session were: El Nasr Transformers and Electrical Products Co SAE (NASR), Sabaa International Company for Pharmaceutical and Chemical Industry (SIPC) and Grand Investment Capital SAE (GRCA) by 9.03 percent, 8.67 percent and 6.79 percent, respectively.