Market Commentary

 

29/07/2021

The local market witnessed mixed performance today with EGX30 dropping 0.25% to close at 10,742.23pts, while ‎EGX70 adding 1.79% to close at 2,763.58pts. Over the week, EGX30 increased 1.71% and EGX70 increased 11.66%.

Today’s turnover recorded EGP 2,076mn distributed over 654.2mn shares. Arab investors stepped in as net buyers with EGP 67.68mn, while Local and Foreign investors stepped out as net sellers with EGP 1.58mn and EGP 66.1mn respectively. ‎‎Retail accounted for 82.31% of total turnover while institutions trades accounted for ‎‎the remaining 17.69%.‎

Today’s top gainers’ list was led Misr Oils & Soap (MOSC.CA) surging 9.87% to close at EGP 25.15. Nasr Company for Civil Works (NCCW.CA) followed suit rising 9.14% to close at EGP 51.34. Ismailia Development and Real Estate Co (IDRE.CA) came in 3rd place adding 9.1% to close at EGP 56.57.

On the other hand, top losers’ list was led El Orouba Securities Brokerage (EOSB.CA) falling 7.03% to close at EGP 0.952. El Orouba Securities Brokerage (OBRI.CA) followed suit dropping 6.65% to close at EGP 39.7. Modern Shorouk Printing & Packaging (SMPP.CA) came in 3rd place dipping 4.88% to close at EGP 48.51.

 

 

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