EGX 30 Ends Near 4800 Pts, CIB Soars; Wednesday Closing
During Wednesday closing session, the Egyptian Exchange (EGX) has posted gains of 4.5 billion as the capital market has amounted to EGP 340.945 billion.
The main index, EGX30 climbed 1.83% to close at 4794.45 p. EGX20 jumped 1.54% to end at 5499.09 p.
Meanwhile, the mid- and small-cap index, the EGX70 increased 1.58% to conclude at 425.89 p. Price index EGX100 edged up 1.88% to finish at 732.51 p.
Traded volume reached 98.359 million securities worth 316.669 million, exchanged through 18.345 thousand transactions.
This was after trading in 171 listed securities; 25 declined and 131 advanced while 15 keeping their previous levels.
Egyptians and Arabs were net buyers seizing 70.98% and 7.47% respectively, of the total markets, with a net equity of EGP 1.192 million and EGP 3.512 million excluding the deals.
On the other hand, the non-Arab Foreigners were net sellers seizing 21.54% of the total markets, with a net equity of EGP 2.319 million excluding the deals.
Leading Shares:
EGX’s leading shares witnessed collective upwards led by the shares owned by Commercial International Bank- Egypt (CIB) (COMI.CA) which soared 4.35% to reach EGP 28.54.
Orascom Construction Industries:
Shares of Orascom Construction Industries (OCIC.CA) hiked 1.66% to hit EGP 251.47.
EFG-Hermes Holding:
The shares of EFG-Hermes Holding (HRHO.CA) jumped 1.10% to hit EGP 10.98. The trial of EFG-Hermes Holding SAE (HRHO.CA)’s co-Chief Executive Officers Hassan Heikal and Yasser El Mallawany on charges of market manipulation started Monday but the Court was adjourned until next July 14.
Orascom Telecom Media & Technology Holding:
The shares of Orascom Telecom Media & Technology Holding (OTMT.CA) edged up 0.65% to hit EGP 1.55.
The Cairo-based company’s Zimbabwean unit said active mobile-phone subscribers in that country rose to 2 million.
Orascom Telecom Holding:
The shares owned by Orascom Telecom Holding (OTH) (ORTE.CA) inched higher 0.32% to reach EGP 3.16.
Talaat Moustafa Group:
The shares of Talaat Moustafa Group (TMGH.CA) managed to rose by 0.25% to reach EGP 3.97.
TMG shares poised Monday for the biggest drop since March 2011 after the panel of judges had recommended Sunday the annulment of a revised contract that allowed the government to sell a plot of land to Egypt’s biggest publicly traded real estate developer for its Madinaty project.
