EGX gains LE 4.49B amid organizational purchases

CAIRO – 18 February 2018: Organizational purchases pushed the Egyptian Exchange (EGX) to end Sunday in green for the second consecutive session, supported by the Monetary Policy Committee’s decision to cut the interest rate by 1 percent.

The benchmark EGX30 increased 0.53 percent, or 79.63 points, to end at 15,045.56 points.

The equally-weighted index EGX50 rose 0.73 percent, or 19.5 points, to close at 2683.56 points.

The small and mid-cap index EGX70 leveled up 0.30 percent, or 2.54 points, closing at 854.74 points and the broader index EGX100 edged up 0.08 percent, or 1.66 points, to reach 2034.27 points.

Market capitalization gained LE 4.49 billion, recording LE 868.27 billion, compared to LE 863.78 billion in Thursday’s session.
Egyptian and foreign investors were net sellers at LE 48.06 million and LE 27.67 million, respectively, while Arab investors were net buyers by LE 75.73 million.
Egyptian, Arab and foreign individuals were net sellers at LE 85.1 million, LE 940,650 and LE 32.99 million, respectively.

Egyptian, Arab and foreign organizations bought by LE 37.01 million, LE 76.67 million and LE 5.33 million, respectively.

El Obour Real Estate Investment (OBRI), Arafa for Investment and Consultancies (AIVC) and Arab Moltaqa Investments (AMIA) were top gainers of the session by 9.01 percent, 8.70 percent and 7.77 percent, respectively.

While Wadi Kom Ombo Land Reclamation (WKOL), National Company for Housing for Professional Syndicates (NHPS) and Modern Waterproofing (WATP) were top losers of the session by 4.9 percent, 4.47 percent and 3.85 percent.

On Thursday, The Central Bank of Egypt lowered the interest rate by 1 percent as the inflation rates keep going downhill for the first time since November's flotation.

The Egyptian Exchange (EGX) ended Thursday in green, with profits exceeding LE 10 billion. The benchmark EGX30 increased 1.08 percent or 159.98 points, to close at 14,965.93 points.