Egypt Equity Markets | 25 Nov 2015: Equity Investors smile home with US$192 million, EGX30 Index 1.10% higher ..

Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity indices ended on a positive note at the end today’s trading session. The equity market capitalization added EGP 1.5 billion (about US$192 million) to end at EGP 414.357 billion relatively to the previous market capitalization of EGP 413.425 billion.  

The benchmark index EGX30 added 69.68 points or 1.10 percent to close at 6,391.07 points. The equal-weighted indexes EGX50 grew by 0.40 percent or 4.37 points to trade at 1,097.38 points. EGX70 index, which measures small and mid-cap index, gained 0.31 percent or 1.09 points to end at 351.17 points. The broader index EGX100 fell by 0.49 percent or 3.67 points to close at 745.15 points and the EGX20 capped index surged by 1.20 percent or 74.44 points to close at 6,278.92 points.

From market activity viewpoint, today turnover was recorded at EGP 377.662 million (relatively to EGP 339.237 million at the previous trading day) exchanged in 178,675,958 traded securities (against 216,133,961 recorded yesterday) in 14,747 deals. Local and Arab investors came as net buyers with EGP 10.1 million and EGP 33.5 million respectively while foreign investors came as net buyers with EGP 43.6 million.

Out of the 155 traded stocks today, there were 80 price gainers and 28 price losers which bring the market breath to end in the positive zone. The price gainers were Sabaa international gained 9.95 percent to end the trading sessions at EGP 4.20 and Alexandria New Medical Center advanced by 7.30 percent with a closing price of EGP 22.40. Northern Upper Egypt Development added 6.89 percent to end at EGP 4.50. Rakta Paper Manufacturing also gained 6.51 percent to settle at EGP 3.27 and General Company for Land soared by 5.62 percent to close at EGP 16.55.

On the other hand, El Arabia Engineering sagged by 9.79 percent to close at EGP 5.07; Misr Chemical Industries fell by 9.31 percent to end at EGP 3.70 and Orascom Hotels & Development dipped by 7.81 percent with a closing price of EGP 6.85. Equally, Eastern Tobacco and Egyptian for Developing Building Materials lost 4.88 percent to end at EGP 178.45 and slid by 2.38 percent to trade at EGP 10.68 respectively.

On the final note, Healthcare & Pharmaceutical sector index remained flat to end at 2,362.54 and Chemical surged by 0.20 percent. Banks sector index added 2.27 percent or 64.20 points to close at 2,887.82 points. Basic resources sector index advanced by 1.68 percent and Food & Beverages declined by 1.02 percent. Construction & Materials added 0.19 percent and Industrial Goods & Services grew by 1.06 percent. Travel & Leisure sector index plummeted by 0.91 percent and Real Estate advanced by 1.09 percent. Telecommunications rose by 0.47 percent and Financial Services excluding Banks higher by 1.11 percent.