EGX adds LE 17.34B to market cap. amid Egyptian, foreign purchases

CAIRO – 7 June 2020: The Egyptian Exchange (EGX) continued its uptrend during Sunday’s session, adding LE 17.34 billion to market capitalization, amid Egyptian and foreign purchases.

The benchmark EGX30 rose 4.59 percent, or 487.48 points, to close at 11,108.62 points.

The equally weighted index EGX 50 jumped 3.63 percent, or 57.71 points, to end at 1,648.52 points.

Moreover, the small and mid-cap index EGX 70 increased 3.09 percent, or 37.73 points, to close at 1,259.02 points, and the broader index EGX 100 climbed 3.31 percent, or 64.98 points to 2,028.98 points.

Market capitalization gained LE 17.34 billion, recording LE 585.47 billion, compared to LE 568.13 billion in Thursday’s session.

The trading volume reached 610.69 million shares, traded through 49,051 transactions, with a turnover of LE 1.84 billion.

Arab investors were net sellers at LE 177.17 million, while Egyptian and foreign investors were net buyers at LE 162.11 million, and LE 15.06 million, respectively.

Arab and foreign individuals were net buyers at LE 10.39 million, and LE 5.08 million, respectively, while Egyptian individuals were net sellers at LE 376.22 million.

Arab organizations sold at LE 187.56 million, while Arab and foreign organizations bought at LE 538.34 million, and LE 9.97 million, respectively.

Mohandes Insurance, Ismailia Development and Real Estate Co, and National Real Estate Bank for Development were top gainers of the session at 9.87 percent, 9.76 percent and 9.67 percent, respectively.

Meanwhile, Kafr El Zayat Pesticides, Alexandria Flour Mills, and GMC Group for industrial, Commercial & Financial Investments were top losers of the session by 5.55 percent, 2.39 percent, and 2.36 percent, respectively.

EGX ended Wednesday in green, as: EGX30 rose 1.89 percent, EGX 50 jumped 1.68 percent, EGX 70 increased 1.90 percent, and EGX 100 climbed 1.74 percent.