EGX heads northwards on Jan.16

Egypt’s stock market closed on a green note for the third straight day on Tuesday. The main index EGX30 rose by 2.62 per cent to 26,938.14 points, the closest the index came to the resistance level.

The small to mid-sized enterprises’ index, EGX70, climbed by 1.27 per cent to  6,299.89 points, and EGX100 jumped by 1.66 per cent to 8,955.6 points.

The market cap reached 1,880,977,305,690 Egyptian pounds.

Egyptian and Arab investors headed towards selling with a net value of 362,337,306 million Egyptian pounds and 32,883,630 million Egyptian pounds, respectively, while foreigners intended to buy with a net value of 395,220,936 million Egyptian pounds.

The end-of-day trade hit 6,459,569,314 billion pounds with a total amount of 1,903,717,557 billion securities executed in 197,460 thousand transactions.

Top gainers on Tuesday

The shares of The Arab Ceramic Co.-Ceramica Remas (CERA.CA) climbed by 20.00 per cent, to close at the price of 1.164 Egyptian pounds a share.

The shares of Sinai Cement (SCEM.CA) rose by 20.00 per cent, to close at 14.520 Egyptian pounds a share.

The shares of Egypt Aluminum (EGAL.CA) jumped by 19.99 per cent, to close at 84.200 Egyptian pounds a share.

Top losers on Tuesday

The shares of Iron And Steel for Mines and Quarries (ISMQ.CA) fell by 8.52 per cent, to close at 3.330 Egyptian pounds a share.

The shares of Egyptians for Investment and Urban Development (EIUD.CA) declined by 6.78 per cent, to close at 0.550 Egyptian pounds a share.

The shares of Egypt Free Shops (MFSC.CA) dropped by 6.07 per cent, to close at 30.000 Egyptian pounds a share.