EGX flags in green, market cap. gains LE11.24B

The Egyptian Exchange (EGX) ended Tuesday’s session in the green zone, adding around LE 11.24 billion to the market capitalization, amid Egyptian and organizations purchases.

The benchmark EGX30 rose 1.34 percent, or 225.45 points, to end at 17,039.45 points.

The equally weighted index EGX 50 hiked 1.25 percent, or 35.95 points, to end at 2,905.76 points.

The small and mid-cap index EGX 70 increased 1.19 percent, or 34.94 points, to close at 2,981.09 points, and the broader index EGX 100 climbed 1.20 percent, or 52.95 points, at 4,462.94 points.

Market capitalization gained around LE 11.24 billion, recording LE 1.082 trillion, compared to LE 1.07 trillion in Monday’s session.

The trading volume reached 406.14 million shares, traded through 63,616 transactions, with a turnover of LE 1.72 billion.

Foreign investors were net sellers at LE 51.69 million, while Egyptian and Arab investors were net buyers at LE 20.45 million, and LE 31.23 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 5.24 million, LE 9.1 million, and LE 2.35 million, respectively.

Egyptian and Arab organizations bought at LE 25.69 million, and LE 40.34 million, respectively, while foreign organizations sold at LE 49.33 million.

The Arab Ceramic CO.- Ceramica Remas, Arab Cotton Ginning, and Sharm Dreams Co. for Tourism Investment were top gainers of the session at 9.58 percent, 8.48 percent and 7.81 percent, respectively.

Meanwhile, Canal Shipping Agencies, Nasr Company for Civil Works, and Ismailia National Food Industries were top losers of the session by 3.49 percent, 3.32 percent, and 3.12 percent, respectively.

Source: Egypt Today Magazine