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April 8. EGX closes April week 1 in green

Market capitalization gained around LE 5.8 billion, recording LE 642.38 billion, compared to LE 636.57 billion in Wednesday’s session

By: Business Today Egypt

Thu, Apr. 8, 2021

The Egyptian Exchange (EGX) ends April’s first week finally in the green, adding around LE 5.8 billion to market capitalization at the end of trading.

EGX 30 hiked 0.74 percent, or 75.88 points, to end at 10,303.55 points, with EGX 50 climbing 1.36 percent, or 26.08 points, to end at 1,943.68 points.

EGX 70 increased 1.97 percent, or 36.28 points, to close at 1,876.56 points, while EGX 100 jumped 1.57 percent, or 45.76 points, to close at 2,794.05 points. 

Market capitalization gained around LE 5.8 billion, recording LE 642.38 billion, compared to LE 636.57 billion in Wednesday’s session.

The trading volume reached 386.61 million shares, traded through 32,200 transactions, with a turnover of LE 725.05 million.

Net buyers of the session were Arab investors buying at LE 29.81 million, with Egyptian investors at LE 2.47 million and Arab individuals at LE 129,737.

Net sellers were foreign investors and individuals at LE 32.28 million and LE 4.96 million, with Egyptian individuals at LE 491,929.
Egyptian, and Arab organizations bought at LE 2.97 million, and LE 29.68 million, respectively, while foreign organizations sold at LE 27.33 million.

Egyptian Real Estate Group, Arabian Cement Company, and Arab Moltaka Investments Co. were top gainers of the session at 9.51 percent, 8.85 percent and 8.55 percent, respectively.

Meanwhile, Delta for Printing & Packaging, ODIN Investments, and Emerald Real Estate Investment were top losers of the session by 8.92 percent, 4.72 percent, and 4.44 percent, respectively.

On Wednesday, EGX ended trading on mixed note, as: EGX30 dipped 0.35 percent, EGX 50 declined 0.42 percent, and EGX 100 inched down 0.09 percent, while EGX70 increased 0.20 percent.