Arab, foreign purchases pushes EGX to win LE 10.5B

CAIRO – 15 February 2018: Arab and foreign purchases pushed the Egyptian Exchange (EGX) to end Thursday in green, with profits exceeding LE 10 billion.

Market capitalization gained LE 10.5 billion, recording LE 863.78 billion, compared to LE 853.29 billion in Wednesday’s session.

The benchmark EGX30 increased 1.08 percent or 159.98 points, to close at 14,965.93 points.

The small and mid-caps index EGX70 rose 0.87 percent, or 7.38 points, ending at 852.20 points and the broader index EGX100 leveled up 0.38 percent, or 7.6 points, to reach 2032.61 points.

The equally-weighted index EGX50 edged up 1.37 percent, or 36.02 points, closing at 2664.06 points.

Arab and foreign investors were net buyers at LE 47.43 million and LE 20.1 million, respectively, while Egyptian investors were net sellers by LE 67.52 million.

Egyptian and Arab individuals were net sellers at LE 80.1 million and LE 27.14 million, respectively, while foreign individuals were net buyers by LE 1.33 million.

Egyptian, Arab and foreign organizations bought by LE 12.57 million, LE 74.57 million and LE 18.76 million, respectively.

Trans Oceans Tours (TRTO), Arafa for Investment and Consultancies (AIVC) and Arab Aluminum (ALUM) were top gainers of the session by 14.29 percent, 9.52 percent and 7.12 percent, respectively.

While International Company for Investment and Development (ICID), Suez Bags (SBAG) and The Arab Ceramic Co -Ceramica Remas (CERA) were top losers of the session by 7.82 percent, 7.69 percent and 3.71 percent, respectively.

The Egyptian Exchange (EGX) ended Wednesday on a mixed note, gaining LE 1.3 billion, amid Arab purchases. The benchmark EGX30 increased 0.52 percent, or 76.2 points, to end at 14,805.95 points.