Egypt's bourse trades in green zone during Monday, market cap. gains LE6.2B

CAIRO – 1 February 2021: The Egyptian Exchange (EGX) rebounded to the green zone during  Monday’s session, adding LE 6.2 billion to market capitalization, amid Arab purchases.

The benchmark EGX30 rose 0.37 percent, or 43.19 points, to end at 11,589.34 points.

The equally weighted index EGX 50 increased 1.08 percent, or 25.6 points, to end at 2,391.76 points.

The small and mid-cap index EGX 70 hiked 1.33 percent, or 31.31 points, to close at 2,387.05 points, and the broader index EGX 100 rose 1.18 percent, or 39.93 points, to close at 3,413.02 points.

Market capitalization gained around LE 6.2 billion, recording LE 702.97 billion, compared to LE 696.75 billion in Sunday’s session.

The trading volume reached 643.41 million shares, traded through 54,982 transactions, with a turnover of LE 1.9 billion. 

Arab investors were net buyers at LE 60.32 million, while Egyptian and foreign investors were net sellers at LE 53.31 million, and LE 7 million, respectively.

Egyptian and foreign individuals were net sellers at LE 18.88 million, and LE 95,553, respectively, while Arab individuals were net buyers at LE 13.16 million.

Egyptian and foreign organizations sold at LE 34.43 million, and LE 6.9 million, respectively, while Arab organizations bought at LE 47.15 million.

Raya Holding for Financial Investments), Wadi Kom Ombo Land Reclamation, and Glaxo Smith Kline were top gainers of the session at 18.33 percent, 10 percent and 10 percent, respectively. 

Meanwhile, Giza General Contracting, Ceramic & Porcelain, and Ismailia Development and Real Estate Co were top losers of the session by 6.56 percent, 3.59 percent, and 3.56 percent, respectively.

On Sunday, EGX ended the session in red, EGX30 dipped 0.28 percent, EGX 50 decreased 0.49 percent, EGX 70 lessened 0.37 percent, and EGX 100 rose 0.52 percent.