Egypt Equity Markets | 12 Nov 2015: Egyptian equity ends in green, market cap US$90 million higher …

Cairo, Egypt, Capital Markets in Africa — The market capitalization to close at EGP 425.237 billion after losing EGP 704 million (US$90 billion) relatively to EGP 424.533 billion recorded at the previous trading session. 

The benchmark index EGX30 added 0.07 percent or 4.77 points to end 6,806,67 points. Equally, the equal-weighted indexes EGX50 grew by 0.46 percent or 5.28 points to end at 1,151.97 points (with a year-to-date of -35.97 percent).

EGX70, which measures small and mid-cap index, rose by 0.81 percent or 2.94 points to close at 365.33 points. The broader index EGX100 also advanced by 0.08 percent or 0.61 points to end at 787.14 points and the EGX20 capped index added 0.24 percent or 15.47 points to close at 6,583.23 points.

From market activity viewpoint, today turnover was recorded at EGP 424.830 million exchanged in 184,290,084 traded securities in 17,320 deals. Foreign and Arab investors came as net sellers with EGP 96.4 million and EGP 1.7 million respectively, while local investors came as net buyers with EGP 98.1 million.

Out of the 160 traded stocks today, there were 81 price gainers and 36 price losers which bring the market breath to end in the positive zone. The price gainers were Ismailia Misr Poultry grew by 9.27 percent to close the trading sessions at EGP 1.65 and Housing & Development Bank advanced by 7.94 percent with a closing price of EGP 22.57. Universal For Paper And Packaging Materials surged by 5.67 percent to conclude at EGP 5.96, Edita Food Industries gained 5.29 percent to settle at EGP 35.02 and Egyptian Company for Mobile Services closed at EGP 92.50 after adding 4.99 percent.

On the other hand, Sabaa International Company for Pharmaceutical and Chemical fell by 7.74 percent to end at EGP 3.10, National Cement lost 6.13 percent to end at EGP 7.35 and South Cairo & Giza Mills & Bakeries slumped by 6.02 percent with a closing price of EGP 11.40. Likewise, Al Baraka Bank Egypt and Delta Construction & Rebuilding fell by 4.94 percent and lost 4.35 percent to close at EGP 10.00 and EGP 5.06 respectively.

On the final note, Healthcare & Pharmaceutical rose by 0.27 percent and Chemical added 0.16 percent. Banks sector index surged by 0.60 percent or 18.75 points to close at 3,163.56 points, Basic resources sector index advanced by 0.86 percent and Food & Beverages surged by 1.50 percent. Construction & Materials jumped by 0.25 percent and Industrial Goods & Services dipped by 1.35 percent. Travel & Leisure sector index added 1.47 percent and Real Estate gained 0.56 percent. Telecommunications rose by 1.11 percent and Financial Services excluding Banks decreased by 0.71 percent.