EGX regains LE19.6B of its market losses

CAIRO – 22 March 2020: The Egyptian Exchange (EGX) ended Sunday in green, regaining LE 19.62 billion of market capitalization, amid Egyptian purchases.

The benchmark EGX 30 rose 5.92 percent, or 545.08 points, to close at 9,750.66 points.

The equally weighted index EGX 50 climbed 3.82 percent, or 45.8 points, to end at 1,244.89 points.

The small and mid-cap index EGX 70 increased 3.50 percent, or 29.44 points, to close at 869.91 points, and the broader index EGX 100 jumped 4.27 percent, or 39.68 points to 969.8 points.


Market capitalization gained LE 19.62 billion, recording LE 524.36 billion, compared to LE 504.74 billion in Thursday’s session.

The trading volume reached 242.57 million shares, traded through 24,050 transactions, with a turnover of LE 858.98 million.

Egyptian investors were net buyers at LE 242.27 million, while Arab and foreign investors were net sellers at LE 66.4 million, and LE 175.87 million, respectively.

Egyptian and Arab individuals were net sellers at LE 85.24 million, and LE 13.34 million, respectively, while foreign individuals were net buyers at LE 573,466.

Arab and foreign organizations sold at LE 53.05 million, and LE 176.44 million, respectively, while Egyptian organizations bought at LE 327.44 million.

Orascom Construction PLC, Misr Fretilizers Production Company - Mopco, and Eastern Company were top gainers of the session at 9.98 percent, 9.93 percent and 9.82 percent, respectively.

Meanwhile, Rowad Tourism (Al Rowad), Minapharm Pharmaceuticals, and MM Group For Industry And International Trade were top losers of the session by 9.65 percent, 7.11 percent, and 5.31 percent, respectively.

On Thursday’s session, EGX ended the session in a semi-collective rise, as EGX 30 rose 5.13 percent, EGX 50 climbed 0.92 percent, and EGX 100 jumped 0.24 percent, while EGX 70 decreased 0.34 percent.