CAIRO – 23 May 2018: The Egyptian Exchange (EGX) ended Wednesday’s session in green, and market capitalization gained LE 687 million ($38.29 million) amid Egyptian and foreign selling.
The benchmark EGX30 edged up 0.03 percent, or 4.89 points, to close at 16,662.55 points.
The equally weighted index EGX50 rose 0.27 percent, or 7.72 points, to reach 2,909.22 points.
The small and mid-cap index EGX70 increased 0.34 percent, or 2.95 points, closing at 862.71 points, and the broader index EGX100 went up 0.01 percent, or 0.32 points, to close at 2,189.18 points.
Market capitalization gained LE 687 million, recording LE 949.11 billion, compared to LE 948.42 billion in Tuesday’s session.
The trading volume reached 140.59 million shares, traded through 19,360 transactions, with a turnover of LE 684.58 million.
Arab investors were net buyers at LE 20.84 million, while Egyptian and foreign investors were net sellers at LE 11.63 million and LE 9.21 million, respectively.
Arab and foreign individuals were net buyers at LE 22.23 million and LE 25.37 million, respectively, while Egyptian individuals were net sellers at LE 17.97 million.
Arab and Foreign organizations sold at LE 1.39 million and LE 34.58 million, respectively, while Egyptian organizations bought at LE 6.34 million.
El Arabia Engineering Industries, Wadi Kom Ombo Land Reclamation, and El Obour Real Estate Investment were top gainers of the session by 9.98 percent, 9.97 percent and 9.78 percent, respectively.
On the other hand, Gharbia Islamic Housing Development, Alexandria Spinning & Weaving (SPINALEX), and Abu Dhabi Islamic Bank- Egypt were top losers of the session by 10 percent, 3.43 percent and 2.52 percent, respectively.
The EGX ended Tuesday’s session in red, as the EGX30 slipped 0.73 percent, the EGX50 declined 0.45 percent, the EGX70 decreased 0.08 percent and the EGX100 went down 0.34 percent.
Trading on the EGX during the holy month of Ramadan is from 10 a.m. to 1:30 p.m. (CLT).
Source : Egypt Today