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EGX30 hits all-time high above 17,270pts
Published in The Egyptian Gazette on 18 - 03 - 2018


Ahmed Kamel
CAIRO, March 18, 2018 - A bullish institutional trend lifted Egypt's main index and market capitalization to all-time highs on Sunday. The benchmark index EGX30 rose by 1.6 per cent to17,271.03 points, a historic record high.
However, the EGX70 index fell by 0.58 per cent to 894.64 points. The EGX100 index gained 0.05 per cent to 2,273.06 points.
Volume totaled LE2.55 billion (around $144.8million), market data showed. The market capitalization rose to an all-time high of LE980.99 billion.
Locals and Arabswere net sellers of LE352.97 million and LE193million respectively. Non-Arab investors were net buyers of LE545.98million, market data showed.
Non-Arab institutions alone were net buyers of LE531.43 million, market data showed.
The EGX50 and EGX20 Capped indices edged up1.16 and 1.84 per cent to 2,873.28 and 17,092.88 points respectively. Of a total 186tradedstocks yesterday89 shares rose, 65 fell, 32 remained unchanged, market data showed.
Juhayna Food Industries said in a bourse filing it would pay dividend worth LE0.1 per share as of April 5. The company posted net profit worth LE197.7 million in 2017, compared to LE53.6 million a year earlier.
Sabaa International Company for Pharmaceutical and Chemical Industry said it would increase its issued capital to LE77 million, up from LE66 million.
The drug maker posted net profit worth LE17.4 million in 2017, compared to LE4.9 million the previous year.


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