Egypt’s bourse ends on mixed note, equities gain EGP 3.06bn

Cairo – Mubasher: The Egyptian Exchange (EGX) ended on mixed note on Thursday as the benchmark index EGX30 added 1.86% or 150.79 points reaching the level of 8,255.36 points on the purchases of the institutions.

The market capitalization gained EGP 3.06 billion ($342.6 million) reaching EGP 41.9 billion, up from EGP 415.94 billion in the previous session.

The stocks of Oriental weavers, Amer Group, EFG-Hermes, EL-Swedy Electric and Sodic went up within the ranges of 2% and 9%.

On the negative side, the stocks of Credit Agricole – Egypt, Heliopolis Housing, Qalaa, Palm Hills and Global Telecom slide within the range of 0.4% and 3.5%.

The small and medium  - caps index EGX70 edged up 0.04% to the level of 360.45 points, while the broader index EGX100 went up by 0.49% to 794.48 points.

As for the equal weighted index EGX50, it inched up 0.89% to the level of 1,406.62 points.

The market witnessed 407.69 million shares changed hands worth EGP 935.9 million.

Out of 175 stocks traded today, 88 stocks ended in green zone, while 44 stocks ended in red zone, while 43 stocks remained unchanged.

Arab and foreign investors came net buyers with EGP 21.5 million and EGP 1.5 million respectively, while local investors came as net sellers with EGP 23 million.

MUBASHER Contribution Time: 04-Aug-2016 15:21 (GMT)
MUBASHER Last Update Time: 04-Aug-2016 15:21 (GMT)