EGX ends Wednesday in collective rise, market cap. gains LE 10.6B

CAIRO – 24 June 2020: The Egyptian Exchange (EGX) ended Wednesday’s session in a collective rise, adding LE 10.63 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 rose 2.55 percent, or 274.72 points, to close at 11,039.54 points.

The equally weighted index EGX 50 increased 2.60 percent, or 43.23 points, to end at 1,706.75 points.

The small and mid-cap index EGX 70 climbed 1.58 percent, or 21.74 points, to close at 1,398.2 points, and the broader index EGX 100 jumped 1.95 percent, or 41.86 points to 2,188.42 points.

Market capitalization gained LE 10.63 billion, recording LE 592.87 billion, compared to LE 582.24 billion in Tuesday’s session.

The trading volume reached 476.84 million shares, traded through 49,582 transactions, with a turnover of LE 1.42 billion.

Egyptian investors were net buyers at LE 115.55 million, while Arab and foreign investors were net sellers at LE 21.91 million, and LE 93.65 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 9.68 billion, LE 14.66 million and LE 1.22 million, respectively.

Egyptian organizations bought at LE 125.24 million, while Arab and foreign organizations bought at LE 7.24 million, and LE 92.43 million, respectively.

El Ahram Co. for Printing and Packing, Rowad Tourism (Al Rowad), and National Real Estate Bank for Development were top gainers of the session at 10 percent, 9.29 percent and 8.98 percent, respectively.

Meanwhile, Prime Holding, Emerald Real Estate Investment, and Golden Coast Company were top losers of the session by 6.58 percent, 4.70 percent, and 4.24 percent, respectively.

EGX ended Tuesday’s session in green, as: EGX30 rose 0.21 percent, EGX 50 increased 0.87 percent, EGX 70 climbed 1.13 percent, and EGX 100 jumped 1.01 percent.