During Monday closing session, the Egyptian Exchange (EGX) has turned its early losses to gains of EGP 1.807 billion as the capital market has amounted to EGP 365.354 billion. The main index, EGX30 rose by 0.75% to close at 5281.68 p. EGX20 inched higher by 0.68% to end at 6169.36 p. Meanwhile, the mid- and small-cap index, the EGX70 climbed by 1.17% to conclude at 483.95 p. Price index EGX100 surged by 1.01% to finish at 821.81 p. Traded volume reached 228.087 million securities worth EGP 635.524 million, exchanged 37.034 thousand transactions. This was after trading in 179 listed securities; 31 declined 137 advanced while 11 keeping their previous levels. The main reason behind EGX30's upwards was that Egyptians were net buyers 78.51% of the total markets, with a net equity of EGP 14.635 million excluding the deals. On the other hand, non-Arab Foreigners and Arabs were net sellers seizing 15.93% and 5.56% respectively, of the total markets, with a net equity of EGP 6.120 million and EGP 8.515 million excluding the deals. Leading Shares: EGX's leading shares witnessed collective upwards except for the shares of Orascom Telecom Media & Technology Holding (OTMT.CA) which slumped by 1.69% to close at EGP 0.58. Citadel Capital: Citadel Capital (CCAP.CA) led EGX upwards as they jumped by 2.17% to conclude at EGP 3.29. Commercial International Bank: The shares of Commercial International Bank- Egypt (CIB) (COMI.CA) climbed by 1.55% to close at EGP 29.52. Talaat Moustafa Group: Talaat Moustafa Group (TMGH.CA) inched higher by 0.65% to end at EGP 4.63. Orascom Construction Industries: Orascom Construction Industries (OCIC.CA) rose by 0.35% to end at EGP 276.07. Orascom Telecom Holding: Orascom Telecom Holding (OTH) (ORTE.CA) went up by 0.28% to finish at EGP 3.60. EFG-Hermes Holding: Shares of EFG-Hermes Holding (HRHO.CA) surged by 0.17% to conclude at EGP 11.74. EFG-Hermes said Sunday it will announce the date of its extraordinary shareholders meeting with a week. EFG-Hermes added that its ESM aims to provide its shareholder with all the disclosures and details; QInvest buyout deal in particular regarding the acquisition of 60% of Hermes stakes. EFG-Hermes official source noted that once the group obtains the shareholders' approvals, all the necessary procedures to conclude QInvest acquisition deal would be then completed. Dr. Ashraf Al-Sharkawy, the chairman of Egyptian Financial Supervisory Authority (EFSA), had stated that EFG-Hermes did not provide the required information and further disclosures including the fate of minority rights after the deal is completed as well as the financial mechanism regarding dividend distribution. Al-Sharkawy noted that the EFSA has asked EFG-Hermes for more disclosures including the future of the group, its capital and fate of its minority, but it did not respond yet.
