EGX Gains EGP 2 Bln; Orascom Telecom 2.08% Up: Presidential Elections Day Two

Whilst the second day of post-revolution presidential elections, the EGX posted on Thursday’s early gains of EGP 2.02 billion as the capital market has reached EGP 352.177 billion.

The main index, EGX30 climbed 0.85% to hit 4963.5 p. EGX20 inched higher 0.83% to reach 5711.05 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up 0.50% to hit 430.51 p. Price index EGX100 climbed 0.54% to reach 775.11 p.

Traded volume reached 20.153 million securities worth EGP 80.977 million, exchanged through 4.580 thousand transactions.

This was after trading in 114 listed securities; 9 declined and 85 advanced while 20 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 60.24% and 15.8% respectively, of the total markets, with a net equity of EGP 14.138 million and EGP 7.907 million, excluding the deals.

On the other hand, non-Arab Foreigners were net sellers seizing 23.96% of the total markets, with a net equity of EGP 22.046 million excluding the deals.

EGX’s leading shares witnessed collective upwards except for Orascom Telecom Media & Technology Holding (OTMT.CA) which went down 0.72% to reach EGP 1.38.

Orascom Telecom Holding (OTH) (ORTE.CA) has led EGX’s upwards by jumping 2.08% to hit EGP 3.43. Commercial International Bank- Egypt (COMI.CA) soared 1.64% to reach EGP 26.00.

Orascom Construction Industries (OCIC.CA) also surged 0.96% to reach EGP 277.99.

Additionally, EFG-Hermes Holding (HRHO.CA) also inched higher 0.90% to hit EGP 11.27.