Egyptian Exchange Gains EGP 3 Bln Backed By Leading Shares; Midday

By Yomna Yasser On May 21, 2012

On Monday’s midday session, the EGX posted gains of EGP 2.9 billion as the capital market has amounted to EGP 347.163 billion at 10:52 GMT (12:52 pm in Cairo).

The main index, EGX30 edged up 1.49% to hit 4863.48 p. EGX20 inched higher 1.63% to reach 5603.55 p.

Meanwhile, the mid- and small-cap index, the EGX70 surged 0.84% to hit 418.68 p. Price index EGX100 went up 0.81% to reach 767.64 p.

Traded volume reached 31.811 million securities worth EGP 111.011 million, exchanged through 7.378 thousand transactions.

This was after trading in 142 listed securities; 24 declined and 102 advanced while 16 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 58.74% and 16.1% respectively, of the total markets, with a net equity of EGP 14.481 million and EGP 12.024 million, excluding the deals.

On the other hand, non-Arab Foreigners were net sellers seizing 25.15% of the total markets, with a net equity of EGP 26.506 million excluding the deals.

EGX’s leading shares witnessed collective upwards led by Orascom Telecom Holding (OTH) (ORTE.CA) which soared 2.97% to hit EGP 3.12. Orascom Telecom Media & Technology Holding (OTMT.CA) edged up 2.29% to reach EGP 1.34. Commercial International Bank- Egypt (COMI.CA) increased 2.20% to reach EGP 25.60. Orascom Construction Industries (OCIC.CA) inched higher 1.44% to hit EGP 272. EFG-Hermes Holding (HRHO.CA) also upped 1.08% to hit EGP 11.25.