EGX flags in green for 2nd session in row

CAIRO – 7 August 2023: The Egyptian Exchange (EGX) traded in the green zone for the second consecutive session during Monday, adding around LE 9.5  billion to the market capitalization, amid foreign purchases.

 

The benchmark EGX30 rose 0.80 percent, or 141.99 points, to end at 17,839.48 points.

 

The small and mid-cap index EGX 70 increased 0.82 percent, or 29.16 points, to close at 3,595.48 points.

 

The broader index EGX 100 jumped 0.89 percent, or 46.77 points, to 5,320.95 points.

  

Market capitalization gained around LE 9.49 billion, recording LE 1.209 trillion, compared to LE 1.200 trillion in Sunday’s session.

 

The trading volume reached 813.68 million shares, traded through 73,965 transactions, with a turnover of LE 2.73 billion.

 

Foreign investors were net buyers at LE 65.52 million, while Egyptian and Arab investors were net sellers at LE 62.09 million, and LE 3.42 million, respectively.

 

Cairo Pourtly, Atlas for Investment and Food Industries, and the Egyptian Modern Education Systems were top gainers of the session at 8.45 percent, 7.46 percent and 6.49 percent, respectively.

 

Meanwhile, Contact Financial Holding, Alexandria Pharmaceuticals, and Al Tawfeek Leasing Company-A.T.LEASE were top losers of the session by 9.09 percent, 6.43 percent, and 4.99 percent, respectively.