Egypt Equity Market | 25 Aug 2015 : Egyptian equities witness the bull, EGX30 2.75% higher

Cairo, Egypt (Capital Markets in Africa):- Bull returned to Egyptian Exchange today and the market capitalization ended at EGP 424.8 billion after soaring EGP 4.0 billion (US$513 billion); relative to EGP 420.8 billion recorded at previous day trading session.

The benchmark index EGX30 surged by 2.75 percent or 182.89 points to end 6,836.95 points. The equal-weighted indexes EGX50 climbed by 1.99 percent or 22.88 points to settle at 1,173.74 points.

EGX70, which measures small and mid-cap index, added 1.90 percent or 6.94 points to settle at 372.42 points.

The broader index EGX100 also advanced by 1.03 percent or 8.18 points to 802.23 points and the EGX20 capped index jumped by 3.08 percent or 197.93 points to close at 6,630.73 points.

From market activity viewpoint, today turnover was recorded at EGP 396.227 million exchanged in 229.186 million traded securities in 23,813 deals.  In term of investor type, Arab investors came as net buyers with EGP 25.2 million, while nationals and foreigners stepped in as net sellers with EGP 14 million and EGP 11 million respectively.

Out of the 169 traded stocks today, there were 106 price gainers and 29 price losers which bring the market breath ended positive. The price movers were Sabaa International gained   8.57 percent to close the trading sessions at EGP 3.04 and Electro Cable Egypt grew by  7.41 percent with closing price of EGP 0.87. Sharkia National Food climbed by 6.92 percent to conclude at EGP 3.40, Global Te;ecom Holding increased by 6.91 percent to settle at EGP 2.01 and Egyptian Starch & Glucose ended at EGP 6.42 after adding 6.30 percent.

Conversely, Belton Financial Holdings (Right issue) plummeted by 12.00 percent to end at EGP 0.22, Misr Duty Free Shops plunged by 11.27 percent to trade at EGP 3.78 and El Arabia Engineering sagged by 9.94 percent with closing price of EGP 6.34. Likewise, Glaxo Smith Kline and International Co for Investment & Development plummeted by 9.57 percent and 9.27 percent to trade at EGP 9.36 and EGP 6.75 respectively.

On the final note, Healthcare & Pharmaceutical rose by 0.06 percent and Chemical rose by 0.90 percent. Banks sector index advanced by 3.32 percent or 102.15 points to close at 3,176.56 points, Basic resources sector index grew by 3.12 percent and Food & Beverages soared by 1.20 percent. Construction & Materials gained 0.46 percent and Industrial Goods & Services added 2.23 percent. Travel & Leisure sector index accelerated by 0.85 percent and Real Estate surged by 3.00 percent. Likewise, Telecommunications increase by 3.83 percent and Financial Services excluding Banks soared by 2.02 percent.