EGX Gains EGP 2.6 Bln On Closing; Elections Day Two

Whilst the second day of post-revolution presidential elections, the EGX posted on Thursday’s closing gains of EGP 2.65 billion as the capital market has amounted to EGP 352.811 billion.

The main index, EGX30 jumped 1.01% to close at 4971.72 p. EGX20 inched higher 0.66% to end at 5701.8 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up 0.46% to conclude at 430.34 p. Price index EGX100 climbed 0.57% to finish at 775.32 p.

Traded volume reached 71.468 million securities worth EGP 336.868 million, exchanged through 16.913 thousand transactions.

This was after trading in 177 listed securities; 42 declined and 111 advanced while 24 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 64.24% and 18.41% respectively, of the total markets, with a net equity of EGP 32.165 million and EGP 43.766 million, excluding the deals.

On the other hand, non-Arab Foreigners were net sellers seizing 17.34% of the total markets, with a net equity of EGP 75.932 million excluding the deals.

EGX’s leading shares witnessed collective upwards except for the shares owned by Orascom Telecom Media & Technology Holding (OTMT.CA) which dived 1.44% to finish at EGP 1.37.

Commercial International Bank- Egypt (COMI.CA) topped EGX’s upwards by going up 2.31% to finish at EGP 26.17.

Orascom Telecom Holding (OTH) (ORTE.CA) climbed 1.19% concluding at EGP 3.40. Orascom Construction Industries (OCIC.CA) also surged 0.89% to end at EGP 277.78.

Additionally, shares owned by EFG-Hermes Holding (HRHO.CA) inched higher 0.45% to conclude at EGP 11.22.