EGX ends week in green for 2nd session in row - News Summed Up

EGX ends week in green for 2nd session in row


FILE- The EGX trading session on December 12, 2017CAIRO - 27 December 2018: The Egyptian Exchange (EGX) ended the last session of the week in green, for the second consecutive session, and market capitalization gained LE 5.99 billion, amid foreign purchases.The benchmark EGX30 rose 1.12 percent, or 144.05 points, to close at 12,984.21 points.The equally weighted index EGX50 hiked 0.99 percent, or 20.96 points, to reach 2,132.32 points.The small and mid-cap index EGX70 increased 0.21 percent, or 1.43 points, reaching 673.83 points, and the broader index EGX100 inched up 0.13 percent, or 2.15 points, to close at 1,684.18 points.Market capitalization gained LE 5.99 billion, recording LE 740.74 billion, compared to LE 734.75 billion in Wednesday’s session.The trading volume reached 137.29 million shares, traded through 21,276 transactions, with a turnover of LE 633.46 million.Foreign investors were net buyers at LE 18.47 million, while Egyptian and Arab investors were net sellers at LE 11.58 million and LE 6.89 million, respectively.Arab and foreign individuals were net buyers at LE 10.54 million and LE 1.68 million, respectively, while Egyptian individuals were net sellers at LE 51.26 million.Egyptian and foreign organizations bought at LE 39.68 million, and LE 16.79 million, respectively, while Arab organizations sold at LE 17.43 million.Gharbia Islamic Housing Development, Egyptian Media Production City, and United Arab Shipping were top gainers of the session by 9.07 percent, 8.80 percent and 7.12 percent, respectively.Meanwhile, El Orouba Securities Brokerage, National Bank of Kuwait –Egypt (NBK), and El Arabia for Land Reclamation were top losers of the session by 8.68 percent, 4.79 percent, and 4.20 percent, respectively.The Egyptian Exchange (EGX) reverted to the green zone by the end of Wednesday’s session after being colored by red for three consecutive session, and market capitalization gained LE 7.69 billion, amid Arab purchases.The indices marked a collective rise as: EGX30 rose 1.34 percent, EGX50 hiked 1.32 percent, EGX70 increased 0.39 percent, and EGX100 inched up 0.71 percent.


Source: Egypt Today December 27, 2018 13:30 UTC



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