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Egypt Today
The Egyptian Exchange (EGX) ended last session before Eid Al-Fitr holiday in a semi-collective rise, adding £E3.2 billion to market capitalization, amid Egyptian purchases.
EGX and the Central Bank of Egypt announced having a three-day holiday in celebration of Eid Al-Fitr “Festival of Breaking Muslims’ Fast”.
Eid Al-Fitr holiday will start on Tuesday June 4, 2019, till Thursday June 6, 2019, according to both entities. “Trading will be resumed effective on Sunday June 9, 2019.”
The benchmark EGX30 rose 0.71%, or 97.08 points, to close at 13,787.8 points.
The equally weighted index EGX50 increased 0.74%, or 15.1 points, to reach 2,062.66 points, and the broader index EGX 100 hiked 0.11%, or 1.67 point, to 1,521.41 points.
On the other hand, the small and mid-cap index EGX70 inched down 0.01%, or 0.06 points, to close at 597.35 points.
Market capitalization gained £E3.2 billion, recording £E745.12 billion, compared to £E741.92 billion in Thursday’s session.
The trading volume reached 60.33 million shares, traded through 10,864 transactions, with a turnover of £E302.55 million.
Egyptian investors were net buyers at £E18.67 million, while Arab and foreign investors were net sellers at £E4.61 million, and £E14.06 million, respectively.
Foreign individuals were net sellers at 760,130, while Egyptian and Arab individuals were net buyers at £E859,257, and £E 620,682 respectively.
Arab and foreign organizations sold at £E5.23 million, and £E13.3 million, respectively, while Egyptian organizations bought at £E17.81 million.
Modern Company for water proofing (Bitumode), Delta Insurance, and El Ahli Investment and Development were top gainers of the session by 5.53%, 4.79% and 4.71%, respectively.
Meanwhile, Sinai Cement, Engineering Industries (ICON), and Abou Kir Fertilizers were top losers of the session by 7.39%, 3.83%, and 3.66%, respectively.
