CAIRO – 16 January 2020: The Egyptian Exchange (EGX) ended Thursday’s session in green, adding LE 1.76 billion to market capitalization, amid Egyptian purchases.
The benchmark EGX 30 rose 0.40 percent, or 54.52 points, to close at 13,824.16 points.
The equally weighted index EGX 50 jumped 0.16 percent, or 3.03 points, to end at 1,825.21 points.
The small and mid-cap index EGX 70 climbed 0.49 percent, or 2.59 points, to close at 535.82 points, and the broader index EGX 100 increased 0.55 percent, or 7.66 points to 1,390.77 points.
Market capitalization gained LE 1.76 billion, recording LE 701.71 billion, compared to LE 699.95 billion in Wednesday’s session.
The trading volume reached 113 million shares, traded through 18,251 transactions, with a turnover of LE 740.42 million.
Egyptian investors were net buyers at LE 40.79 million, while Arab and foreign investors were net sellers at LE 15.13 million, and LE 25.67 million, respectively.
Egyptian and Arab individuals were net sellers at LE 15.92 million, and LE 14.89, respectively, while foreign individuals were net buyers at LE 1.31 million.
Arab and foreign organizations sold at LE 226,646, and LE 26.98 million, respectively, while Egyptian organizations bought at LE 56.72 million.
Modern Company for water proofing (Bitumode), Egypt for Poultry, and Ismailia Misr Poultry were top gainers of the session by 9.96 percent, 9.65 percent and 9.26 percent, respectively.
Meanwhile, Glaxo Smith Kline, El Ahram Co. for Printing and Packing, and Wadi Kom Ombo Land Reclamation were top losers of the session by 9.95 percent, 9.73 percent, and 6.42 percent, respectively.
On Wednesday, EGX ended the session on mixed note as EGX 30 rose 0.09 percent, EGX 70 jumped 0.60 percent, or 3.19 points, EGX 100 climbed 0.40 percent, while EGX 50 dipped 0.05 percent.
The Argentine doesn’t greenlight every transfer, and sometimes it’s clear to see when he and Orta have conflicting ideas.