EGX continues its uptrend for 3rd session in row

CAIRO – 9 February 2020: The Egyptian Exchange (EGX) ended Sunday’s session in green for the third session in row, amid Egyptian and foreign purchases.

The benchmark EGX 30 inched up 0.02 percent, or 2.38 points, to close at 14,108.24 points.

The equally weighted index EGX 50 hiked 0.26 percent, or 5.08 points, to end at 1,938.57 points.

Moreover, the small and mid-cap index EGX 70 jumped 0.25 percent, or 3.24 points, to close at 1,277.69 points, and the broader index EGX 100 increased 0.31 percent, or 4.3 points to 1,405.2 points.

Market capitalization lost LE 116.3 million, recording LE 712.51 billion, compared to LE 712.62 billion in Thursday’s session.

The trading volume reached 110.83 million shares, traded through 18,319 transactions, with a turnover of LE 466.22 million.

Arab investors were net sellers at LE 15.75 million, while Egyptian and foreign investors were net buyers at LE 1 million, and LE 14.74 million, respectively.

Egyptian and Arab individuals were net buyers at LE 16.27 million, and LE 1.7 million, respectively, while foreign individuals were net sellers at LE 1.03 million.

Egyptian and Arab organizations sold at LE 15.27 million, and LE 17.47 million, respectively, while foreign organizations bought at LE 15.76 million.

Gharbia Islamic Housing Development, Rowad Tourism (Al Rowad), and Misr Fretilizers Production Company – Mopco were top gainers of the session 9.90 percent, 5.56 percent and 4.26 percent, respectively.

Meanwhile, Ismailia National Food Industries, General Company for Land Reclamation, Development & Reconstruction, and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 8.83 percent, 4.78 percent, and 4.68 percent, respectively.

EGX ended Thursday’s session in green, as: EGX 30 rose 0.85 percent, EGX 50 hiked 0.69 percent, EGX 70 rose 0.51 percent, EGX100 increased 0.72 percent.