EGX 30 Ends Sunday Near 5210Pts Ahead Of OCI –Tax Meeting

The Egyptian Exchange (EGX) has ended Sunday’s session posting humble gains of EGP 478 million backed by local and Arab buyers.

The capital market has reached to EGP 361.870 billion during Sunday’s closing session.

The EGX indices ended Sunday in light green notes.

Egypt’s benchmark index EGX30 was slightly up by 0.04% to close at 5209.18 p; while EGX20 inched up by 0.27% to end at 6198.75 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.51% to conclude at 458.47 pts.  Price index EGX100 went up by 0.36% to finish at 760.84 p.

During   Sunday’s closing, the trading volume hit very severe levels of 51.660 million securities, less than Thursday’s 89.931 million securities, representing a decline of 38.271 thousand securities. For the traded value, it reached EGP 149.267 million, exchanged 11.445 thousand transactions.

This was after trading in 165 listed securities; 41 declined, 80 advanced; while 44  keeping their previous levels.

Egyptians and Arabs were net buyers seizing 89.09% and 3.33% respectively, of the total markets, with a net equity of EGP 1.945 million and EGP 1.209 million excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 7.58% of the total markets, with a net equity of EGP 3.155 million excluding the deals.

For the leading EGX-listed firms’ stocks, Orascom Construction Industries – OCI (OCIC.CA)’s dipped by 0.12% to close at EGP 229.07. The firm is due to have another round of meeting with the Egyptian Tax Authority this afternoon over the tax evasion claim amid the selling of Orascom Building Materials to French Lafarge in 2007. 

Orascom Telecom Holding (OTH) (ORTE)’s stock fell by 0.48% to finish at EGP 4.15.

On the contrary, Orascom Telecom Media And Technology Holding SAE (OTMT.CA)’s stock climbed by 2.63% to conclude at EGP 0.78.

EFG-Hermes’ stock also went up by 0.46% to end at EGP 10.95.