The market capitalization of registered stocks reached EGP 1.125 trillion, and Arab and foreign investors moved towards buying.
Main index EGX30 increases by 0.98% in Monday trading - File Photo
The Egyptian stock exchange indexes saw a significant surge in early Monday trading. The main index, EGX30, increased by 0.98% to 17403 points.
Meanwhile, the small and medium-sized companies index, EGX70, rose by 1.29% to 3021 points, and the EGX100 index rose by 1.29% to 3102 points.
The market capitalization of registered stocks reached EGP 1.125 trillion, and Arab and foreign investors moved towards buying, with a net value of EGP 3.5 million and EGP 4.6 million respectively.
On the other hand, Egyptians opted to sell with a net value of approximately EGP 8.1 million.
The total trading value amounted to about EGP 449 million, with a quantity of 162 million papers executed through 18.9 thousand transactions.
This surge is an encouraging sign for the Egyptian economy, which has been recovering from the pandemic's impact.
The government's efforts to attract foreign investors have been paying off, with increasing interest in the country's various industries. Additionally, the stock exchange's modernization and digitization efforts have also contributed to its recent success.
