Economics

Arab, foreign purchases push EGX into green zone

CAIRO – 13 February 2019: The Egyptian Exchange (EGX) ended Wednesday’s session in green for the second consecutive session, and marked capitalization gained LE 2.2 billion, amid Arab and foreign purchases.
The benchmark EGX30 increased 0.14 percent, or 21.43 points, to close at 14,949.07 points.
Meanwhile, the equally weighted index EGX50 rose 0.23 percent, or 5.4 points, to reach 2,403.83 points.
The small and mid-cap index EGX70 hiked 0.38 percent, or 2.69 points, to 713.2 points, and the broader index EGX100 jumped 0.31 percent, or 5.64 points, to close at 1,800.14 points.
Market capitalization gained LE 2.21 billion, recording LE 826.5 billion, compared to LE 824.29 billion in Tuesday’s session.
The trading volume reached 266.83 million shares, traded through 33,060 transactions, with a turnover of LE 1.33 billion.
Egyptian investors were net sellers at LE 93.89 million, while Arab and foreign investors were net buyers at LE 85.1 million and LE 9.79 million, respectively.
Egyptian individuals were net sellers at LE 74.27 million, while Arab and foreign individuals were net buyers at LE 7.75 million, and LE 9.15 million, respectively.
Arab organizations bought at LE 77.35 million, while Egyptians and foreign organizations sold at LE 19.61 million, and LE 365,787, respectively.
Edita Food Industries S.A.E, Delta for Printing & Packaging, and El Nasr For Manufacturing Agricultural Crops were top gainers of the session by 8.57 percent, 8.02 percent and 6.58 percent, respectively.
Meanwhile, Misr Hotels, Modern Company for water proofing (Bitumode), and Modern Shorouk Printing & Packaging were top losers of the session by 10 percent, 8.67 percent, and 8.44 percent, respectively.
EGX ended Tuesday’s session in green, as EGX30 increased 0.97 percent, EGX50 hiked 0.55 percent, EGX70 rose 2.17 percent, and EGX50 inched up 1.96 percent.



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