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April 15. EGX avoids closing 1st Ramadan week in the red by 1 index

EGX 30 was the only index in the green, keeping its head above water by 0.27 percent, or 27.7 points, to end at 10,143.21 points

By: Business Today Egypt

Thu, Apr. 15, 2021

The Egyptian Exchange (EGX) ends the first week of the holy month of Ramadan on a mixed note, adding around LE 412.37 million to market capitalization.

EGX 30 was the only index in the green, keeping its head above water by 0.27 percent, or 27.7 points, to end at 10,143.21 points.

EGX 50 slumped down by 0.59 percent, or 11.24 points, to end at 1,899.94 points, with EGX 70 decreasing 0.68 percent, or 12.41 points, to close at 1,820.99 points, and EGX 100 crawling down 0.64 percent, or 17.44 points, to close at 2,716.03 points.

Market capitalization gained around LE 412.37 million, recording LE 630.88 billion, compared to LE 630.46 billion in Wednesday’s session.

The trading volume reached 402.14 million shares, traded through 29,744 transactions, with a turnover of LE 898.55 million.

Net buyers of the session were Arab individuals and investors by LE 75.79 million and LE 72.27 million, respectively. Egyptian individuals also sold, selling at LE 66.33 million.

Net sellers were Egyptian and foreign investors at LE 44.43 million, and LE 27.83 million, respectively, while foreign individuals were net sellers at LE 1.38 million. 

Egyptian, Arab, and foreign organizations sold at LE 110.76 million, LE 3.5 million, and LE 26.45 million, respectively. 

Marsa Marsa Alam for Tourism Development, Egyptians for Investment & Urban Development, and Giza General Contracting were top gainers of the session at 5.56 percent, 5.49 percent and 5.13 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Memphis Pharmaceuticals, and Alexandria Spinning & Weaving (SPINALEX) were top losers of the session by 9.99 percent, 9.61 percent, and 8.06 percent, respectively.

On Wednesday, EGX ended trading in red, as: EGX30 dropped 1.85 percent, EGX 50 dipped 4.20 percent, EGX 70 decreased 4.64 percent, and EGX 100 lessened 4.23 percent.