Market Commentary

 

09/07/2020

The local market headed south today with EGX30 declining 1.54% closing at 10,957.02pts, and EGX70 declining 4.2% to close at 1,477.36pts. Over the week EGX30 increased 1.79% and EGX70 increased 1.80%.

Today’s turnover recorded EGP 1,222.7mn distributed over 477.2mn shares. Local and Arab investors stepped in as net buyers with EGP 0.48mn and EGP 53.79mn respectively, while  Foreign investors stepped out as net sellers with EGP 54.27mn. Retail accounted for 64.51% of total turnover while institutions trades accounted for the remaining 35.49%.

Today’s top gainers’ list was led by Al Tawfeek Leasing Company-A.T.LEASE (ATLC.CA) surging 8.56% to close at EGP 3.55. Gulf Canadian Real Estate Investment Co. (CCRS.CA) followed suit rising 8.13% to close at EGP 27.13. Osool ESB Securities Brokerage (EBSC.CA) came in 3rd place adding 6.00% to close at EGP 4.24.

On the other hand, top losers’ list was led by El Ahram Co. For Printing And Packing (EPPK.CA) falling 9.82% to close at EGP 7.53. Golden Coast Company (GOCO.CA) followed suit dropping 9.59% to close at EGP 11.50. Ismailia National Food Industries (INFI.CA) came in 3rd place dipping 9.52% to close at EGP 20.14.

 

 

 

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