Home StocksEGX EGX Goes Higher; Midday

EGX Goes Higher; Midday

by Yomna Yasser

EGX went on posting gains of L.E 877 million during Monday’s midday trading, as the capital market reached L.E 259.233 billion.

The main index, EGX 30 went up 0.73% to reach 4983.67 p. EGX20 surged 0.38% to reach 5730.35 p.

Meanwhile, the mid- and small-cap index, the EGX70 also rose 0.12% to reach 442.62 p. Price index EGX100 upped 0.42% to close at 780.42 p.

The market has recorded values of L.E 144.466 million; while the volume traded reached 33.098 million securities executed over 7.953 thousand transactions.

This was after trading in 138 listed securities; 73 up and 42 down while 23 keeping their previous levels.

The main reason for the EGX30’s rise is that the non-Arab Foreigners were net buyers seizing 30.82% of the total market, with a net equity of L.E 3.668 million, after excluding deals.

Arab investors were net sellers seizing 2.48% of the total market, with a net equity of L.E 2.881 million, after excluding deals.

Additionally, Egyptians were also net sellers seizing 66.7% of the total market, with net equity of L.E 786.917 thousand, after excluding deals.

The EGX’s leading shares have recorded unsteady readings. The shares owned by the Commercial International Bank- Egypt (COMI) rose 2.21% to reach L.E 25.90. Shares of Orascom Construction Industries (OCIC) hiked 1.53% to reach L.E 259.21. Orascom Telecom Media & Technology Holding (OTMT)’s shares edged up by 0.71% to reach L.E 1.42.

On the other hand, Shares owned by EFG-Hermes Holding (HRHO) went down by 0.23% to reach L.E 13.28. Shares of Orascom Telecom Holding (OTH) (ORTE) remained with no change to close L.E 3.92.

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