EGX30 continues above 18K points, market cap. gains LE 1.6B

CAIRO – 23 April 2018: The Egyptian Exchange’s (EGX) benchmark EGX30 continued its gains above 18,000 points by the end of Tuesday’s session, amid Arab and foreign purchases.

Unlike EGX30, the other EGX indices ended the session in red, while market capitalization gained LE 1.6 billion ($90.21 million).

The benchmark EGX30 rose 0.23 percent, or 41.26 points, to close at 18,121.96 points.

On the other hand, the equally weighted index EGX50 decreased 0.75 percent, or 23.11 points, to reach 3,064.32 points.

The small and mid-cap index EGX70 slipped 0.30 percent, or 2.62 points, closing at 860.62 points, and the broader index EGX100 dropped 0.04 percent, or 6.62 points, to close at 2,266.53 points.

Market capitalization gained LE 1.6 billion, recording LE 994.75 billion, compared to LE 993.15 billion in Monday’s session.

The trading volume reached 332.62 million shares, traded through 34,428 transactions with a turnover of LE 1.48 billion.

Egyptian investors were net sellers at LE 132.79 million, while Arab and foreign investors were net buyers at LE 88.27 million and LE 44.52 million, respectively.

Egyptian and foreign individuals were net sellers at LE 136.71 million and LE 12.92 million, respectively, while Arab individuals were net buyers at LE 65.39 million.

Egyptian, Arab and foreign organizations bought at LE 3.9 million, LE 22.88 million and LE 57.44 million, respectively.

El Nasr for Manufacturing Agricultural Crops, Al Arafa for Investment and Consultancies, and Maridive & Oil Services were top gainers of the session by 9.24 percent, 9.09 percent and 6.12 percent, respectively.

Meanwhile, TransOceans Tours, El Kahera El Watania Investment, and Misr National Steel-Ataqa were top losers of the session by 12.50 percent, 9.40 percent and 9.07 percent, respectively.

EGX ended Monday’s session on a mixed note, as EGX30 and EGX50 increased by 1.22 percent and 0.79 percent, respectively, while EGX70 and EGX100 declined by 0.28 percent and 0.04 percent, respectively.

Meanwhile, EGX announced that Sinai Liberation Day, which falls on Wednesday, will be an official holiday at the exchange. The market will resume trading on Thursday.