EGX Gains EGP 2.8 Bln, Orascom Telecom 8.04% Up: Presidential Election Day One

Whilst the first day of post-revolution presidential elections, the EGX posted on Wednesday’s closing gains of EGP 2.81 billion as the capital market has amounted to EGP 350.155 billion.

The main index, EGX30 jumped 1.19% to close at 4921.88 p. EGX20 inched higher 0.93% to end at 5664.31 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up 1.95% to conclude at 428.37 p. Price index EGX100 climbed 0.27% to finish at 770.92 p.

Traded volume reached 101.180 million securities worth EGP 392.184 million, exchanged through 19.408 thousand transactions.

This was after trading in 174 listed securities; 26 declined and 137 advanced while 11 keeping their previous levels.

Egyptians and non-Arab Foreigners were net sellers seizing 62.62% and 22.35% respectively, of the total markets, with a net equity of EGP 2.906 million and EGP 86.050 million, excluding the deals.

On the other hand, Arabs were net buyers seizing 15.03% of the total markets, with a net equity of EGP 88.957 million excluding the deals.

EGX’s leading shares witnessed choppy performance. Orascom Telecom Holding (OTH) (ORTE.CA) has led EGX’s upwards by jumping 8.04% concluding at EGP 3.36. Orascom Telecom Media & Technology Holding (OTMT.CA) climbed 2.96% closing at EGP 1.39. Orascom Construction Industries (OCIC.CA) also surged 1.64% to EGP 275.34.

On the other hand, EGX’s  top losers were Commercial International Bank- Egypt (COMI.CA) which sank 0.31% to finish at EGP 25.58. EFG-Hermes Holding (HRHO.CA) also inched lower 0.18% to conclude at EGP 11.17.