Egyptian, Arab organizational purchases keep EGX in green during Ramadan's 1st session

CAIRO – 26 April 2020: The Egyptian Exchange (EGX) ended first trading session of Ramadan in green, adding LE 9.5 billion to market capitalization, amid Egyptian and Arab organizational purchases.

The benchmark EGX 30 jumped 2.54 percent, or 256.78 points, to close at 10,377.24 points.

The equally weighted index EGX 50 rose 3.63 percent, or 55.95 points, to end at 1,595.46 points.

The small and mid-cap index EGX 70 increased 3.39 percent, or 38.81 points, to close at 1,184.87 points, and the broader index EGX 100 climbed 2.29 percent, or 25.1 points to 1,120.21 points.

Market capitalization gained LE 9.5 billion, recording LE 564.89 billion, compared to LE 555.39 billion in Thursday’s session.

The trading volume reached 408.32 million shares, traded through 35,748 transactions, with a turnover of LE 1.02 billion.

Foreign investors were sellers at LE 60.03 million, while Egyptian and Arab investors were net buyers at LE 57.35 million, and LE 2.68 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 15.13 million, LE 7.6 million, and LE 732,536, respectively.

Foreign organizations sold at LE 59.3 million, while Egyptian and Arab organizations bought at LE 72.48 million, and LE 10.29 million, respectively.

Arab Co. for Asset Management and Development, Arab Cotton Ginning, and Belton Financial Holding were top gainers of the session at 11.48 percent, 9.96 percent and 9.95 percent, respectively.

Meanwhile, The Arab Dairy Products Co. Arab Dairy - Panda, Northern Upper Egypt Development & Agricultural Production, and Qatar National Bank Alahly were top losers of the session by 8.54 percent, 2.97 percent, and 1.84 percent, respectively.

On Thursday, EGX ended the session in green, as: EGX 30 jumped 3.26 percent, EGX 50 rose 3.59 percent, EGX 70 increased 3.47 percent, and EGX 100 climbed 2.06 percent.

Earlier Thursday, the Egyptian Exchange (EGX) decided the time of trading session during the Holy month of Ramadan.

EGX announces trading hours during the Holy month of Ramadan

CAIRO - 23 April 2020: The Egyptian Exchange (EGX) decided the time of trading session during the Holy month of Ramadan. EGX added on its website that trading session of main market listed securities and SMEs market (NILEX); will be from 10:00 am to 1:30 pm, preceded by a discovery session at 9:30 am.