EGX ends week in green, market cap. gains LE8.57B

The Egyptian Exchange (EGX) ended the last session of the week in a collective-rise, adding around LE 8.57 billion to the market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 increased 0.85 percent, or 138.69 points, to end at 16,454.31 points.

The equally weighted index EGX 50 rose 1.39 percent, or 39.26 points, to end at 2,868.32 points.

The small and mid-cap index EGX 70 hiked 1.32 percent, or 39.95 points, to close at 3,060.55 points, and the broader index EGX 100 climbed 1.26 percent, or 55.96 points, at 4,493.59 points.

Market capitalization gained around LE 8.57 billion, recording LE 1.066 trillion, compared to LE 1.057 trillion in Tuesday’s session.

The trading volume reached 364.84 million shares, traded through 55,997 transactions, with a turnover of LE 1.66 billion.

Foreign investors were net sellers at LE 222.53 million, while Egyptian and Arab investors were net buyers at LE 186.41 million, and LE 36.12 million, respectively.

Arab and foreign individuals were net sellers at LE 14.18 million, and LE 14,380, respectively, while Egyptian individuals were net buyers at LE 56.2 million.

Egyptian and Arab organizations bought at LE 130.21 million, and LE 50.3 million, respectively, while foreign organizations sold at LE 222.52 million.

Memphis Pharmaceuticals, Egyptian Financial & Industrial, and International Agricultural Products were top gainers of the session at 14.93 percent, 12.68 percent and 7.84 percent, respectively.

Meanwhile, Egyptian Gulf Bank, Marsa Marsa Alam for Tourism Development, and Alexandria Spinning & Weaving (SPINALEX) were top losers of the session by 5.13 percent, 4.81 percent, and 3.20 percent, respectively.

Source: Egypt Today Magazine