EGX ends Tuesday in green, market cap. gains LE8.34B

CAIRO – 24 July 2018: The Egyptian Exchange (EGX) ended Tuesday’s session in green after a day off in the occasion of July 23rd revolution, adding LE 8.34 billion, amid Egyptian and foreign purchases.

The benchmark EGX30 rose 1.22 percent, or 186.90 points, to close at 15,490.69 points.

The equally weighted index EGX50 hiked 0.53 percent, or 13.83 points, to reach 2,627.83 points.

The small and mid-cap index EGX70 went up 0.15 percent, or 1.15 points, at 751.24 points, and the broader index EGX100 increased 0.70 percent, or 13.44 points, closing at 1,931.11 points.

Market capitalization lost LE 8.34 billion, recording LE 872.1 billion, compared to LE 863.77 billion in Sunday’s session.

The trading volume reached 179.54 million shares, traded through 20,705 transactions, with a turnover of LE 759.89 million.

Arab investors were net sellers at LE 81.29 million, while Egyptian and foreign investors were net buyers at LE 72.23 million and LE 9.06 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 60.9 million, LE 4.93 and LE 1.99 million, respectively.

Egyptian and foreign organizations bought at LE 11.32 million and LE 7.1 million, respectively, while Arab organizations sold at LE 86.22 million.

Golden Coast Company, Qatar National Bank Alahly, and Porto Group were top gainers of the session by 6.80 percent, 5.21 percent and 4.17 percent, respectively.

On the other hand, Suez Canal Bank, Asek Company for Mining- Ascom, and Citadel Capital - Common Shares were top losers of the session by 4.35 percent, 3.67 percent and 3.63 percent, respectively.

EGX ended Sunday’s session in red, as EGX30 declined 0.73 percent, EGX50 decreased 0.84 percent, EGX70 dropped 0.33 percent, and EGX100 went down 0.50 percent.

Monday, July 23, was an official holiday on the occasion of July 23 revolution. The market resumed trading on Tuesday July 24.