EGX ends week on mixed note, market cap. gains LE 1.5B

CAIRO – 13 August 2020: The Egyptian Exchange (EGX) ended Thursday on mixed performance,adding LE 1.5 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX30 rose 0.20 percent, or 21.85 points, to close at 10,944.18 points.

The small and mid-cap index EGX 70 inched up 0.08 percent, or 1.30 points, to close at 1,650.10points.

On the other hand, the equally weighted index EGX 50 lost 0.37 percent, or 7.13 points, to end at 1,935.80 points, and the broader index EGX 100 inched down 0.02 percent, or 0.49 points to 2,519.09points. 

Market capitalization gained LE 1.5 billion, recording LE 607.94 billion, compared to LE 606.42 billion in Wednesday’s session.

The trading volume reached 494.81 million shares, traded through 38,364 transactions, with a turnover of LE 1.58 billion. 

Egyptian investors were net buyers at LE 408.53 million, while Arab and foreign investors were net sellers at LE 743,794, and LE 407.79 million, respectively. 

Egyptian and Arab individuals were net buyers at LE 21.43 million and LE 442,905, respectively, while Arab individuals were net sellers at LE 6.12 million. 

Foreign organizations sold at LE 408.23 million, while Egyptian and Arab bought at LE 387.1 million, and LE 5.37 million, respectively. 

Delta for Printing & Packaging, El Nasr Clothes & Textiles (Kabo), and Asek Company for Mining – Ascom were top gainers of the session at 9.69 percent, 7.38 percent and 7.08 percent, respectively. 

Meanwhile, Rowad Tourism (Al Rowad), Sharkia National Food, and Egyptians Housing Development & Reconstruction were top losers of the session by 5.08 percent, 4.36 percent, and 4.14 percent, respectively. 

EGX ended Wednesday in green as: EGX30 inched up 0.03 percent, EGX 50 increased 0.38 percent, EGX 70 hiked 0.65 percent, and EGX 100 jumped 0.46 percent.