Cairo – Mubasher: The Egyptian Exchange ended Monday’s trading session in the green zone, reversing today’s early decline.
The benchmark EGX30 added 28 points, or 0.38%, to reach 7,494 points. The small and mid-cap EGX70 ended up 0.07% to 360.6 points. Similarly, the broader index closed higher 0.10% to 781.8 points. And the equal-weighted EGX50 rose 0.26% to 1362.7 points.
The total market value gained EGP2.6 billion ($290.6 million), finishing the session at EGP446.9 billion against EGP444.3 billion on Sunday.
Blue-chip stocks also saw a rise, namely CIB, the heaviest weight on the index, that increased by 2.2% to EGP41.4.
Out of 175 stocks, the bourse saw 61 move up, 80 go down, and 34 stay at the previous levels. In addition, trading value stood at EGP685.7 million.
Nationals tend to buy stocks by a net of EGP13.9 million, while Arab and foreign investors were net sellers by EGP3.5 million and EGP10.5 million respectively.
Tracking stock movement, the top gainers were orderly led by Union National Bank – Egypt (+7.42%), Rowad Tourism (+6.54%), Suez Cement (+5.73%), Edita Food Industries (+5.52%), and Suez Canal Bank (+5.24%).
Meanwhile, the top losers were headed by Wadi Kom Ombo Land Reclamation (-7.91%), El Arabia for Land Reclamation (-6.98%), EL Ezz Aldekhela Steel – Alexandria (-6.16%), El Orouba Securities Brokerage (-5.80%), and Elswedy Electric (-4.83%).
Translated by Ahmed El-Sayed Ali
