EGX continues trading in green for 4th session Thursday

CAIRO – 13 December 2018: The Egyptian Exchange (EGX) ended last session of the week in green, for the fourth session in row amid foreign purchases, and market capitalization gained LE 7.2 billion.

The benchmark EGX30 rose 1.09 percent, or 140.06 points, to close at 12,996.89 points.

The equally weighted index EGX50 increased 1.41 percent, or 29.72 points, to reach 2,144.38 points.

The small and mid-cap index EGX70 inched up 0.30 percent, or 2.02 points, reaching 675.07 points, and the broader index EGX100 went up 0.66 percent, or 11.02 points, to close at 1,690.74 points.

Market capitalization gained LE 7.2 billion, recording LE 740.18 billion, compared to LE 732.97 billion in Wednesday’s session.

The trading volume reached 240.26 million shares, traded through 28,855 transactions, with a turnover of LE 997.31 million.

Foreign investors were net buyers at LE 82.29 million, while Egyptian and Arab investors were net sellers at LE 2.14 and LE 80.15 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 34.89 million, LE 61.17 million, and LE 33,333, respectively.

Arab organizations sold at LE 18.98 million, while Egyptian and foreign organizations bought at LE 32.75 million, and LE 18.33 million, respectively.

El-Nile Co. for Pharmaceuticals and Chemical Industries, Rakta Paper Manufacturing Cleopatra Hospital Company, and Orascom Development Egypt were top gainers of the session by 8.08 percent, 7.90 percent and 6.83 percent, respectively.

Meanwhile, Egyptian Arabian (cmar) Securities Brokerage EAC, Al Tawfeek Leasing Company-A.T.LEASE, and Ismailia Development and Real Estate Co were top losers of the session by 6.98 percent, 5.73 percent, and 5.18 percent, respectively.

EGX ended Wednesday’s session in green for the third session in row amid Arab and foreign purchases, as EGX 30 rose 1.52 percent, EGX50 increased 1.58 percent, EGX70 inched up 0.65 percent, and EGX100 went up 0.79 percent.