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March 9| EGX flags in green, market cap. gains EGP 8.57B

The benchmark EGX30 increased 0.85 percent, or 138.69 points, to end at 16,454.31 points.

By: Hanan Mohamed

Thu, Mar. 9, 2023

Stocks Bond market trading Stock Market numbers Photo by Pixabay3/

The Egyptian Exchange (EGX) ended Thursday's session in a collective-rise, adding around EGP 8.57 billion to the market capitalization, amid Egyptian and Arab purchases.
The benchmark EGX30 increased 0.85 percent, or 138.69 points, to end at 16,454.31 points.
The equally weighted index EGX 50 rose 1.39 percent, or 39.26 points, to end at 2,868.32 points.
The small and mid-cap index EGX 70 hiked 1.32 percent, or 39.95 points, to close at 3,060.55 points, and the broader index EGX 100 climbed 1.26 percent, or 55.96 points, at 4,493.59 points.
Market capitalization gained around EGP 8.57 billion, recording EGP 1.066 trillion, compared to EGP 1.057 trillion in Wednesday's session.
The trading volume reached 364.84 million shares, traded through 55,997 transactions, with a turnover of EGP 1.66 billion.
Foreign investors were net sellers at EGP 222.53 million, while Egyptian and Arab investors were net buyers at EGP 186.41 million, and EGP 36.12 million, respectively.
Arab and foreign individuals were net sellers at EGP 14.18 million, and EGP 14,380, respectively, while Egyptian individuals were net buyers at EGP 56.2 million.
Egyptian and Arab organizations bought at EGP 130.21 million, and EGP 50.3 million, respectively, while foreign organizations sold at EGP 222.52 million.
Memphis Pharmaceuticals, Egyptian Financial & Industrial, and International Agricultural Products were top gainers of the session at 14.93 percent, 12.68 percent and 7.84 percent, respectively.
Meanwhile, Egyptian Gulf Bank, Marsa Marsa Alam for Tourism Development, and Alexandria Spinning & Weaving (SPINALEX) were top losers of the session by 5.13 percent, 4.81 percent, and 3.20 percent, respectively.