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Feb 21. EGX starts week positively, adds LE4.36B to market cap

Net buyers were Egyptian and Arab investors at LE 14 million and LE 9.87 million

By: Business Today Egypt

Sun, Feb. 21, 2021

The week starts off positively for the Egyptian Exchange (EGX) which start the week in the green, adding LE 4.36 billion to market capitalization.

EGX 30 inched up by 0.40 percent, or 45.3 points, to end at 11,425.85 points, with EGX 50 climbing 0.91 percent, or 21.55 points, to end at 2,383.25 points.

EGX 70 jumped 1.77 percent, or 41.67 points, to close at 2,392.06 points, while EGX 100 increased by 1.37 percent, or 46.08 points, to close at 3,420.42 points.

Market capitalization gained around LE 4.36 million, recording LE 701.48 billion, compared to LE 697.12 billion in Thursday’s session.

The trading volume reached 653 million shares, traded through 42,970 transactions, with a turnover of LE 1.25 billion. 

Net buyers were Egyptian and Arab investors at LE 14 million, and LE 9.87 million, respectively, with foreign individuals at LE 339,466.

Net sellers were Egyptian Individuals at LE 41.53 million, foreign investors at LE 23.88 million, and Arab individuals at LE 21,402. 

Egyptian, and Arab organizations bought at LE 55.54 million, and LE 9.89 million, respectively, while foreign organization sold at LE 24.22 million.

The top gainers of the session were the National Bank of Kuwait- Egypt- NBK by 9.97 percent, Grand Investment Capital by 9.91 percent, and El Ahram Co. for Printing and Packing by 9.88 percent.

Top drops of the session were by Glaxo Smith Kline by 5.79 percent, Orascom Financial Holding by 5.28 percent, and Maridive & oil services by 3.61 percent.

On Sunday, EGX ended the session in red, EGX30 declined 0.29 percent, EGX 50 dipped 0.85 percent, EGX 70 decreased 1.09 percent, and EGX 100 lessened 0.85 percent.