EGX records collective rise, market cap. adds LE 5.26B

CAIRO – 18 August 2019: The Egyptian Exchange (EGX) recorded a collective rise during Sunday’s session, adding about LE 5.26 billion to market capitalization, amid Egyptian and Arabpurchases.

The benchmark EGX 30 rose 0.73 percent, or 104.57 point, to close at 14,399.7 points.

The equally weighted index EGX 50 hiked 0.78 percent, or 16.53 points, to close at 2,134.49 points.

The small and mid-cap index EGX 70 climbed 0.52 percent, or 2.81 points, to close at 542.84 points, and the broader index EGX 100 jumped 0.49 percent, or 7 point, to 1,427.89 points.

Market capitalization gained LE 5.26 billion, recording LE 757.8 billion, compared to LE 752.54 billion in Thursday’s session.

The trading volume reached 183.14 million shares, traded through 19,262 transactions, with a turnover of LE 507.14 million.

Foreign investors were net sellers at LE 49.87 million, while Egyptian and Arab investors were net buyers at LE 28.91 million, and LE 20.96 million, respectively.

Egyptian and Arab individuals were net buyers at LE 2.14 million, and LE 2.02 million, respectively, while foreign individuals were net sellers at LE 4.24 million.

Egyptian and Arab organizations bought at LE 26.76 million, and LE 18.94 million, respectively, while foreign organizations sold at LE 45.63 million.

Misr Hotels, Lecico Egypt, and El Arabia Engineering Industries were top gainers of the session by 9.98 percent, 8.83 percent and 7.52 percent, respectively.

Meanwhile, Egyptian Arabian (cmar) Securities Brokerage EAC, Housing & Development Bank, and Edita Food Industries S.A.E were top losers of the session by 7.85percent, 4.98 percent, and 3.49 percent, respectively.