EGX continues trading in green zone for 2nd session in row

CAIRO – 14 April 2020: The Egyptian Exchange (EGX) ended Tuesday in green for the second consecutive session, adding LE 6.53 to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 jumped 1.01 percent, or 104.44 points, to close at 10,458.16 points.

The equally weighted index EGX 50 climbed 2.28 percent, or 33.15 points, to end at 1,485.08 points.

Moreover, the small and mid-cap index EGX 70 rose 1.85 percent, or 19.76 points, to close at 1,086.91 points, and the broader index EGX 100 increased 1.26 percent, or 13.54 points to 1,087.5 points.

Market capitalization gained LE 6.53 billion, recording LE 562.8 billion, compared to LE 556.27 billion in Monday’s session.

The trading volume reached 299.15 million shares, traded through 32,628 transactions, with a turnover of LE 1.45 billion.

Egyptian investors were buyers at LE 722.38 million, while Arab and foreign investors were net sellers at LE 4.73 million, and LE 717.65 million, respectively.

Foreign individuals were net sellers at LE 496,083, while Egyptian and Arab individuals were net buyers at LE 33.19 million, and LE 182.3 milion, respectively.

Arab and foreign organizations sold at LE 7.06 million, and LE 717.16 million, respectively, while Egyptian organizations bought at LE 689.19 million.

National Housing for Professional Syndicates, El Nasr For Manufacturing Agricultural Crops, and El Shams Housing & Urbanization were top gainers of the session at 9.36 percent, 9.24 percent and 9.22 percent, respectively.

Meanwhile, Faisal Islamic Bank of Egypt - In EGP, Sinai Cement, and Faisal Islamic Bank of Egypt - In US Dollars were top losers of the session by 9.70 percent, 9.19 percent, and 7.83 percent, respectively.

On Monday, EGX ended the session in green, as: EGX 30 jumped 1.14 percent, EGX 50 surged 2.30 percent, EGX 70 rose 1.82 percent, and EGX 100 increased 1 percent.