EGX ends Tuesday in green, market cap. gains LE 9.6B

CAIRO – 8 May 2018: The Egyptian Exchange (EGX) ended mid-week session in green after three sessions of decline, and market capitalization gained LE 9.6 billion ($544.19 million).

The benchmark EGX30 rose 1.66 percent, or 291.3 points, to close at 17,814.45 points.

The equally weighted index EGX50 increased 1.32 percent, or 39.27 points, to reach 3,025.42 points.

The small and mid-cap index EGX70 climbed 0.35 percent, or 3.02 points, closing in at 873.86 points, and the broader index EGX100 went up 0.41 percent, or 9.3 points, to close at 2,270.15 points.

Market capitalization gained LE 9.6 billion, recording LE 990.97 billion, compared to LE 981.33 billion in Monday’s session.

The trading volume reached 257.25 million shares, traded through 31,157 transactions, with a turnover of LE 1.4 billion.

Arab investors were net buyers at LE 87.4 million, while Egyptian and foreign investors were net sellers at LE 14.7 million and LE 72.67 million, respectively.

Arab and foreign individuals were net buyers at LE 44.12 million and LE 481,070, respectively, while Egyptian individuals were net sellers at LE 14.38 million.

Egyptian and foreign organizations sold at LE 346,308, and LE 73.15 million, respectively, while Arab organizations bought at LE 43.28 million.

El Kahera Housing, Misr Hotels, and Citadel Capital - Common Shares were top gainers of the session by 9.92 percent, 8.54 percent and 7.94 percent, respectively.

Modern Company for water proofing (Bitumode), Egyptian International Tourism Projects, and Cairo Educational Services were top losers of the session by 7.69 percent, 6.06 percent and 4.29 percent, respectively.

EGX ended Monday’s session in red, as EGX30 decreased 0.50 percent, EGX50 downed 0.61 percent, EGX70 slipped 0.87 percent and EGX100 dropped 0.89 percent.