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Total number of listed companies on CASE in July 2005 decreased to 768 companies as opposed to 770 in the previous month.
One company was listed this month with total capitalization of LE 182 million.
Turnover
Total number of trading days in July 2005 amounted to 21 days with total value traded of LE 14,774.30 million. Value traded of listed securities amounted to LE 13,822.57 million, of which shares, bonds and funds represented 93.88%, 6.12% and 0.00% respectively. On the other hand, OTC trading reached LE 951.73 million, which represents 6% of total value traded for the month.
This is in comparison to June 2005, when value traded of listed securities amounted to LE 11,178.89 million, of which shares represented 86.26%, bonds 13.73% and funds 0.01%. In addition, the OTC trading amounted to LE 759.62 million i.e. 6% of total trading (on- and off-exchange trading) which reached LE 11,938.51 million.
Total volume traded (shares & bonds) for this month reached 243.26 million securities.
During July 2005, 256,118 transactions were concluded with an average of 12,196 trades per day, as opposed to 286,168 transactions and an average of 13,008 trades per day in June 2005.
Indices
CASE 30 Price, the official market index, witnessed a 0.25% increase in July 2005 to reach 4840.52 points and witnessed a 206.89% increase on YoY.
However, the MSCI Egypt index witnessed a 0.44% increase in July, to close at 575.59 points on 31/07/2005, and a 234.31% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 61.10% of the total volume of shares traded and 47.96% of total value of shares traded for the month.
During the month of July, the top ten gainers, on the official CASE market, were (in descending order of price change) National Paper (+350%), Amreyah Pharmaceuticals Industries (+157%), Calyon Bank Egypt (+147%), Six of October Development & Investment (SODIC) (+146%), Egyptian Starch & Glucose (+47%), Housing & Development Bank (+32%), El Ahli Investment and Development (+32%), Alexandria Commercial & Maritime Bank (+30%), Arab Cotton Ginning (+26%) and South Valley Cement (24%).
The top ten losers were (in ascending order of price change) Development & Engineering Consultants (-23%), Alexandria Medical Services (-19%), United Arab Shipping (-14%), Ceramic & Porcelain (-11%), Raya Holding for Technology and Communications (-11%), South Cairo & Giza Mills & Bakeries (-10%), Eastern Tobacco (-9%), Orascom Hotels and Development (-8%), Egyptian Gulf Bank (-8%) and El Watany Bank of Egypt (-8%).
Market Capitalization
Total market capitalization of shares amounted to LE 343.29 billion as of end of July 2005 compared to LE 337.06 billion in June 2005, representing a 1.9% increase.
The bond capitalization recorded LE 6.39 billion for corporate bonds and LE 31.54 billion for government bonds at the end of July 2005 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In July 2005, foreign investors participated with 27.85% of the total market value traded with net outflows of portfolio foreign investment totaling LE 736 million.
