Market Cap. gains LE 149.3B, foreign investors buy at LE 9.9B

CAIRO – 8 April 2018: The Egyptian Exchange’s market capitalization recorded a profit of LE 148.18 billion ($8.36 billion) since the beginning of 2018, amid foreign buying.

Market Capitalization ended Thursday’s session at LE 973.09 billion, compared to the last trading session of 2017 that ended at LE 824.9 billion.

It recorded an increase of 18.1 percent during the first quarter of 2018, recording LE 974.179 billion ($55.08 million) to gain LE 149.3 billion, as compared to the same period of 2017.

In the first week of April, market capitalization lost LE 1.1 billion, recording LE 973 billion, compared to LE 947.1 billion in the previous week.

While it gained LE 81.89 billion in March, ending the month at LE 974.18 billion.

Foreign investors were net buyers at the Egyptian Exchange (EGX) during the mentioned period at LE 9.97 billion, while Arab investors were net sellers at LE 806.25 million during the same period.

In the first week of April, foreign and Arab investors bought at LE 358.76 million and LE 12.65 million, respectively.

Egyptian trading recorded 69.65 percent of the total trading while foreign investors allocated 17.28 percent of the transactions and Arab investors marked 13.08 percent.

Organizations were net buyers at LE 72.41 million during last week, recording 35.76 percent of the trading.

The trading volume during the week reached 3.27 billion shares, traded through 220,000 transactions with a turnover of LE 11.7 billion.

The Egyptian Exchange (EGX) ended Thursday’s session in red as EGX30 slipped 0.57 percent, EGX70 dropped 0.31 percent, and EGX100 declined 0.58 percent.