Egypt's stock market continues its uptrend for 2nd consecutive session

CAIRO – 2 February 2021: The Egyptian Exchange (EGX) continued trading in the green zone for the second session in row during Tuesday, adding LE 5.14 billion to market capitalization, amid foreign purchases.

The benchmark EGX30 jumped 0.42 percent, or 48.21 points, to end at 11,637.55 points.

The equally weighted index EGX 50 increased 1.12 percent, or 26.67 points, to end at 2,418.43 points.

The small and mid-cap index EGX 70 hiked 1.15 percent, or 27.47 points, to close at 2,414.52 points, and the broader index EGX 100 climbed 1.04 percent, or 35.64 points, to close at 3,448.66 points.

Market capitalization gained around LE 5.14 billion, recording LE 708.12 billion, compared to LE 702.97 billion in Monday’s session.

The trading volume reached 623.91 million shares, traded through 56,180 transactions, with a turnover of LE 1.75 billion. 

Foreign investors were net buyers at LE 65.36 million, while Egyptian and Arab investors were net sellers at LE 35.5 million, and LE 29.86 million, respectively.

Arab and foreign individuals were net sellers at LE 1.43 million, and LE 1.71 million, respectively, while Egyptian individuals were net buyers at LE 35.54 million.

Egyptian and Arab organizations sold at LE 70.04 million, and LE 28.43 million, respectively, while foreign organizations bought at LE 67.07 million.

Wadi Kom Ombo Land Reclamation, Glaxo Smith Kline, and Raya Holding for Financial Investments were top gainers of the session at 16.52 percent, 9.98 percent and 9.87 percent, respectively. 

Meanwhile, General Silos & Storage, Speed Medical, and Fawry for Banking Technology and Electronic Payment were top losers of the session by 3.73 percent, 3.43 percent, and 3.08 percent, respectively.

On Monday, EGX ended the session in green, EGX30 rose 0.37 percent, EGX 50 EGX 50 increased 1.08 percent, EGX 70 hiked 1.33 percent, and EGX 100 jumped 1.18 percent.