Foreign Purchases Push EGX 30 to Historic HighSource: www.export-egypt.com 8/27/2023, Location: Africa |
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The Egyptian Stock Exchange ended Sunday's trading with a collective rise, with the main index EGX 30 recording the highest peak in its history at the level of 18,516 points, up 1.7%.
The index of medium and small companies EGX 70 EWI rose by 1.05%, to end the session at 3,741 points. The broader EGX 100 EWI also rose by 1.13% to reach 5,505 points. Market cap gained about EGP 16.66 billion at the end of today's session, rising to EGP 1.256 trillion, compared to EGP 1.239 trillion at the end of last week's trading. The share of the Commercial International Bank (CIB), which has the largest relative weight in the EGX30, increased by 2.86%, and closed at EGP 54. The Egyptian Stock Exchange's trading exceeded EGP 2.16 billion, involving 203 companies, through about 85,000 transactions. The selling trend dominated the dealings of Arab investors, and they recorded a net value of EGP 25.062 million, of which EGP 20.060 million were for individuals, and EGP 5.002 million for institutions. Egyptian investors' transactions recorded a net sale of EGP 5.768 million, under pressure from individuals who achieved a net sale of EGP 64.750 million, compared to EGP 58.981 million net purchase from institutions. Foreign investors' transactions tended towards buying, achieving a net value of EGP 30.831 million, of which EGP 30.523 million were for institutions and EGP 308.379 thousand for individuals. The share of the Egyptian Poultry topped the list of the highest gainers by 19.71%, followed by the share of Sharm Dreams for Tourism Investment by 15.02%, then the share of Delta Sugar by 11.26%. In terms of stocks that declined the most, the share of Obour Land Food Industries led by 3.21%, followed by the share of Aspire Capital Holding for Financial Investments by 2.17%, then the share of the Export Development Bank of Egypt by 2.09%. At the end of last week, the Egyptian government had issued a decision appointing Ahmed El-Sheikh as Chairman of the Board of Directors of the Egyptian Stock Exchange, for a period of one year, starting from August 26. |
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