CAIRO – 24 March 2020: The Egyptian Exchange (EGX) continued its uptrend for the third session, adding LE 16.47 billion of market capitalization, amid Egyptian purchases.
The benchmark EGX 30 rose 3.04 percent, or 296.78 points, to close at 10,047.44 points.
The equally weighted index EGX 50 climbed 4.34 percent, or 54 points, to end at 1,298.89 points.
The small and mid-cap index EGX 70 increased 4.01 percent, or 34.84 points, to close at 904.75 points, and the broader index EGX 100 jumped 4.32 percent, or 41.93 points to 1,011.73 points.
Market capitalization gained LE 16.47 billion, recording LE 540.83 billion, compared to LE 524.36 billion in Sunday’s session.
The trading volume reached 313.42 million shares, traded through 30,314 transactions, with a turnover of LE 1.08 billion.
Egyptian investors were net buyers at LE 481.26 million, while Arab and foreign investors were net sellers at LE 65.48 million, and LE 415.78 million, respectively.
Arab and foreign individuals were net sellers at LE 35.59 million, and LE 1.2 million, respectively, while Egyptian individuals were net buyers at LE 1.24 million.
Arab and foreign organizations sold at LE 29.88 million, and LE 414.57 million, respectively, while Egyptian organizations bought at LE 480.03 million.
Citadel Capital - Common Shares, ELSWEDY ELECTRIC, and Alexandria Mineral Oils Company were top gainers of the session at 11.94 percent, 10.57 percent and 10.55 percent, respectively.
Meanwhile, Misr Hotels, MM Group for Industry and International Trade, and Marsa Marsa Alam for Tourism Development were top losers of the session by 9.99 percent, 8.47 percent, and 7.96 percent, respectively.
Earlier during Monday’s session, EGX suspended trading for half an hour, due to the hike EGX100 witnessed exceeding 5 percent.