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EGX ends Tuesday in green, market cap. gains LE 4B

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EGX- Reuter

CAIRO – 8 January 2019: The Egyptian Exchange (EGX) ended Tuesday’s session in green, and market capitalization gained LE 4.07 billion, amid foreign selling.

The benchmark EGX30 hiked 0.45 percent, or 59.62 points, to close at 13,402.7 points.

The equally weighted index EGX50 rose 0.77 percent, or 16.92 points, to reach 2,205.24 points.

On the other hand, the small and mid-cap index EGX70 increased 0.11 percent, or 0.76 points, reaching 688.1 points, and the broader index EGX100 inched up 0.13 percent, or 2.16 points, to close at 1,724.06 points.

Market capitalization gained LE 4.07 billion, recording LE 760.05 billion, compared to LE 764.59 billion in Sunday’s session.

The trading volume reached 236.14 million shares, traded through 31,308 transactions, with a turnover of LE 1.03 billion.

Foreign investors were net sellers at LE 60.95 million, while Egyptian and Arab investors were net buyers at LE 53.37 million and LE 7.57 million, respectively.

Arab and foreign individuals were net buyers at LE 7.78 million and LE 658,941, respectively, while Egyptian individuals were net sellers at LE 28.63 million.

Arab and foreign organizations sold at LE 203,124and LE 61.60 million, respectively, while Egyptian organizations bought LE 82 million.

Wadi Kom Ombo Land Reclamation, Egyptian International Tourism Projects, and Egyptian Arabian (cmar) Securities Brokerage EAC were top gainers of the session by 13.30 percent, 9.39 percent and 9.06 percent, respectively.

Meanwhile, Modern Shorouk Printing & Packaging, El Ahram Co. for Printing and Packing, and Orascom Construction Limited were top losers of the session by 4.31 percent, 2.86 percent, and 2.34 percent, respectively.

The bourse was off on Monday, January 7, on the occasion of the Christmas. Many Orthodox Christians celebrate Christmas Day annually on January 7 to remember Jesus Christ’s birth, described in the Christian Bible.

– EGYPT TODAY

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Stock markets

Arab, foreign selling grab EGX to red zone Monday

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EGX-Reuters

CAIRO – 14 January 2019: The Egyptian Exchange (EGX) ended Monday’s session in red, and market capitalization lost LE 8.44 billion, amid Arab and foreign selling.

The benchmark EGX30 dropped 1.41 percent, or 190.08 points, to close at 13,335.75 points.

The equally weighted index EGX50 declined 1.20 percent, or 26.64 points, to reach 2,194.36 points.

The small and mid-cap index EGX70 lessened 0.39 percent, or 2.71 points, reaching 685.53 points, and the broader index EGX100 inched down 0.49 percent, or 8.4 points, to close at 1,720.93 points.

Market capitalization lost LE 8.44 billion, recording LE 761.5 billion, compared to LE 769.95 billion in Sunday’s session.

The trading volume reached 150.95 million shares, traded through 22,027 transactions, with a turnover of LE 641.49 million.

Egyptian investors were net buyers at LE 80.22 million, while Arab and foreign investors were net sellers at LE 52.05 million and LE 28.16 million, respectively.

Egyptian individuals were net buyers at LE 56.5 billion, while Arab and foreign individuals were net sellers at LE 13.5 million, and LE 61,453, respectively.

Arab and foreign organizations sold at LE 38.57 and LE 28.1 million, respectively, while Egyptian organizations bought LE 23.72 million.

North Africa Co. for Real Estate Investment, Gulf Canadian Real Estate Investment Co., and Raya Contact Center were top gainers of the session by 9.97 percent, 6.61 percent and 6.17 percent, respectively.

Meanwhile, Dice Sport & Casual Wear, Global Telecom Holding, and Nasr Company for Civil Works were top losers of the session by 6.95 percent, 5.13 percent, and 4.01 percent, respectively.

EGX ended Sunday’s session in green, as EGX30 rose 1.18 percent, EGX50 increased 0.61 percent, and EGX70 inched up 0.14 percent, while EGX100 went up 0.30 percent.

– EGYPT TODAY

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EGX starts 2019 in green, market cap. gains LE 7.3B

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EGX – REUTERS

CAIRO –2 January 2019: The Egyptian Exchange (EGX) started the first session in 2019 in green, and market capitalization gains LE 7.27 billion, amid Egyptian and foreign purchases.

The benchmark EGX30 hiked 1.29 percent, or 168.6 points, to close at 13,204.37 points.

The equally weighted index EGX50 rose 0.92 percent, or 19.82 points, to reach 2,169.55 points.

The small and mid-cap index EGX70 increased 0.59 percent, or 4.08 points, reaching 697.91 points, and the broader index EGX100 inched up 0.63 percent, or 10.83 points, to close at 1,738.04 points.

Market capitalization gained LE 7.27 billion, recording LE 756.98 billion, compared to LE 749.7 billion in Monday’s session, the last session of 2018.

During 2018, Market Capitalizationrecorded net losses of LE 75.2 billion, reaching LE 749.7 billion during the last trading session of this year compared to LE 824.9 billion at the end of 2017.

Bourse registers LE 75.2B net losses in 2018

CAIRO – 31 December 2018: The Egyptian Exchange (EGX) registered net losses of EGP 75.2 billion during 2018 making its market capital hit EGP 749.7 billion during the last trading session of this year compared to LE 824.9 billion at the end of 2017.

The trading volume reached 99.28 million shares, traded through 18,899 transactions, with a turnover of LE 459.7 million.

Arab investors were net sellers at LE 28.77 million, while Egyptian and foreign investors were net buyers at LE 4.54 million and LE 24.23 million, respectively.

Egyptian and Arab individuals were net sellers at LE 11.35 million and LE 6.65 million, respectively, while foreign individuals were net buyers at LE 315,382.

Egyptian and foreign organizations bought at LE 15.89 million and LE 23.92 million, respectively, while Arab organizations sold LE 22.12 million.

Delta Construction & Rebuilding, Development & Engineering Consultants, and Asek Company for Mining – Ascom were top gainers of the session by 7.63 percent, 7.61 percent and 7.16 percent, respectively.

Meanwhile, Obour Land for Food Industries, Middle Egypt Flour Mills, and North Cairo Mills were top losers of the session by 4.40 percent, 3.26 percent, and 1.86 percent, respectively.

EGX ended Monday’s session, last session in 2018, in green, as EGX30 hiked 0.70 percent, EGX50 rose 0.81 percent, EGX70 increased 2.59 percent, and the broader index EGX100 inched up 2.20 percent.

The bourse was off on Tuesday, January 1, on the occasion of the banks’ holiday. The Central Bank of Egypt (CBE) announced Wednesday that banks operating in Egypt will be off on Tuesday, January 1, on the occasion of the end of fiscal year for most of the banks on December 31.

EGX follows CBE announcing Jan. 1 as official holiday

CAIRO – 27 December 2018: The Egyptian Exchange (EGX) announced that the bourse will be off on Tuesday, January 1, on the occasion of the banks’ holiday. The Central Bank of Egypt (CBE) announced Wednesday that banks operating in Egypt will be off on Tuesday, January 1, on the occasion of the end of fiscal year for most of the banks on December 31.

– EGYPT TODAY

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Stock markets

NSE dips Sh3bn on first day of trading

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A trader at the Nairobi Securities Exchange. FILE PHOTO | NMG

Nairobi Securities Exchange (NSE) investors on Wednesday lost Sh3 billion in a gloomy start to the first day of trading of 2019.

The value of shares stood at Sh2.098 trillion at the close of business Wednesday, down from Sh2.1 trillion on December 31 when the market closed for New Year festivities.

The market closed 11.06 points lower at 2822.78 points, weighed down by losses on blue chip counters, which normally attract heavy foreign investor trading.

The number of shares traded fell by 1.9 million to Sh7 million from Sh8.9 million on December 31, a pointer to the reduced activity.

The value of shares traded fell 63.14 per cent to Sh129.9 million compared to Sh352.6 million on Monday.

“For stability to return into our stock markets we will need stability in international markets because foreign participation is high in our markets,” said chief executive of data vendor Rich Management Aly- Khan Satchu Market mover Safaricom traded 1.7 million shares compared to an average daily trade of nearly 20 million shares in November.

Investors’ paper wealth in NSE-listed companies fell by a staggering Sh419 billion last year to register one of the worst full-year performances in recent memory.

– BusinessDaily

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