EGX adds LE9.06B to market capitalization amid local purchases

The Egyptian Exchange (EGX) ended Wednesday’s session on a mixed note, adding around LE 9.06 billion to the market capitalization, amid local purchases.
The benchmark EGX30 decreased 0.30 percent, or 86.33 points, to end at 28,589.37 points.
On the other hand, the small and mid-cap index EGX 70 hiked 2.94 percent, or 182.68 points, to close at 6,394.24 points.
The broader index EGX 100 increased 1.90 percent, or 170.07 points, to 9,126.9 points.
Market capitalization gained around LE 9.06 billion, recording LE 1.897 trillion, compared to LE 1.888 trillion in Tuesday’s session.
The trading volume reached 658.19 million shares, traded through 104,109 transactions, with a turnover of LE 3.144 billion.
Egyptian investors were net buyers at LE 245.73 million, while Arab and foreign investors were net sellers at LE 21.15 million, and LE 224.58 million, respectively.
Iron and Steel for Mines and Quarries, Misr National Steel – Ataqa, and Sharkia National Food were top gainers of the session at 19.76 percent, 18.32 percent, and 16.01 percent, respectively.
Meanwhile, Six of October Development & Investment (SODIC), E-finance for Digital and Financial Investments, and Arab Co. for Asset Management and Development were top losers of the session by 5.70 percent, 5.38 percent, and 5.17 percent, respectively.
Egypt Today