EGX ends Sunday on mixed note, market cap. loses LE1.9B

CAIRO – 29 March 2020: The Egyptian Exchange (EGX) ended Sunday in a semi-collective rise. However, it lost LE 1.9 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 dipped 1.54 percent, or 152.8 points, to close at 9,760.18 points.

On the other hand, the equally weighted index EGX 50 increased 0.05 percent, or 0.67 points, to end at 1,339.83 points.

The small and mid-cap index EGX 70 rose 1.95 percent, or 18.67 points, to close at 978.09 points, and the broader index EGX 100 hiked 0.19 percent, or 2.02 points to 1,038.18 points.

Market capitalization lost LE 1.9 billion, recording LE 537.95 billion, compared to LE 539.91 billion in Thursday’s session.

The trading volume reached 194.52 million shares, traded through 19,775 transactions, with a turnover of LE 390.81 million.

Egyptian investors were buyers at LE 105.41 million, while Arab and foreign investors were net sellers at LE 5.27 million, and LE 99.81 million, respectively.

Arab and foreign individuals were net sellers at LE 6.99 million, and LE 973,273, respectively, while Egyptian individuals were net buyers at LE 27.21 million.

Egyptian and Arab organizations bought at LE 78.19 million, and LE 1.4 million, respectively, while foreign organizations sold at LE 100.78 million.

Sabaa International Company for Pharmaceutical and Chemical, Samad Misr -EGYFERT, and B Investments Holding were top gainers of the session at 9.95 percent, 9.94 percent and 9.40 percent, respectively.

Meanwhile, Ismailia Development and Real Estate Co, El Ezz Porcelain (Gemma), and Arab Co. for Asset Management and Development were top losers of the session by 4.48 percent, 3.77 percent, and 3.69 percent, respectively.

On Thursday, EGX ended the session in green, EGX 30 rose 0.48 percent, EGX 50 increased 1.97 percent,EGX 70 inched up 3.15 percent,and EGX 100 hiked 1.40 percent.